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Useful articles for your finance management by our team of experts

filing returns for income from insurance

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Q: I am getting income from Insurance commission. Which form should I fill and where should I show this income?

Answer: You can file ITR-1, as the income from commission falls under the head "Income from other sources".
Please refer to this summary table:

http://www.investmentyogi.com/cs/blogs/taxes/archive/2009/06/04/which-form-should-i-file.aspx

Warm Regards,

From Your Tax Expert @ InvestmentYogi

 

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