Which return form use for lic agent for fy 2017-2018

sachin agrawal (tax consultant) (130 Points)

15 July 2018

which return form use for lic agent for fy 2017-2018

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4 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (170785 Points)
Replied 15 July 2018

ITR 3

sachin agrawal (tax consultant) (130 Points)
Replied 15 July 2018

respected sir

thank you very much

M.Ajay kumar (ca) (99 Points)
Replied 15 July 2018

Sir, why can't we show the commission income as income from other sources and file ITR 1

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (170785 Points)
Replied 15 July 2018

For agents it is a business.... but for any other person like salaried person or housewife it can be IFOS.

Mainly it depends upon quantum of transactions, TDS deduction and expenditures to be claimed for earning the income.

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