Question:

I GET INSURANCE COMMISSION WHICH FORM I FILL UP

by Guest55959 | earlier

ICICI Life Insurance Commission Received and Other Commission Recd filling on ITR -2 or ITR 4 Plz tell me.

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The insurance company who pays you your commission will tell you to submit a W9 form.  You can get it online at irs.gov.

Learn more about the business world and get various commissions:  http://www.entrepreneurwiz.com  and http://www.investmentpaysoff.com
Report (0) (0) |   earlier
ITR-2 states that it is to be used "for individuals and HUF's not having income from business or profession". As you have income from a business or profession you should use ITR-4 which states that it is to be used "for individuals and HUF's having income from a proprietery business or profession". Line 3b of ITR-4 is for commissions.

Always check with a tax professional to get advice about your individual situation.
Report (0) (0) | earlier