Income Tax Insurance Agent

[MITSUI PRIME ADVANCED]

Dear Sir,

 

If any General Insurance Agent can filed his income tax return in ITR 4 with profit and loass account or

if any other form , please tell me if any other form of income tax and deduction in Insurance commission.

 

Please provide your vailuable return

 

Regards

Arjun SAchdeva

 

[Guest]

For insurance agent form applicable is 4 S only

[Guest]

For insurance commission agent the form applicable is 4.

AI Summary

Income tax filing for insurance agents requires use of ITR 4 or ITR 4S to report commission income accurately. Respondents advise that insurance commission income must be reported using the presumptive return form ITR-4 (also referred to as ITR-4S) and that this form is the applicable tax return for insurance agents, indicating form selection for commission earnings rather than alternate return types.