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

 

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.