Hi, I am working as an employee in an organization and also have an LIC agency. So I am getting salary as well as agency commission both as income. Could you please guide me, which IT Return form (ITR 1 or ITR 4), I need to submit?
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Hi, I am working as an employee in an organization and also have an LIC agency. So I am getting salary as well as agency commission both as income. Could you please guide me, which IT Return form (ITR 1 or ITR 4), I need to submit?
As far as my understanding goes, it is income from Business and Profession thus ITR 4 needs to be filled and submitted. Make Income and expense statement with all the expenses incurred in earning the commission.