@@TaxSmooth If there is a long term capital gain of 80,000/- which is less than 1 lakh and long term capital loss of 5 lakhs, then how much capital loss will be carry forwarded?
Madam, My TDS of ₹2800 deducted against postal insurance incentive. I have filled itr 1 last year but currently I filled itr 1 and the department suggested that to file revised itr 3. Please guide me. Thanks.
sir the correct ans of this question is ITR 3 but when you are not full time agent and your amount of commission is not too much and you dont want to claim exp against that then you can enter that amount in other income itr 1
Suppose I had ltcg of 3 lakhs in mutual fund and ltc loss of 2 lakhs, then for remaining 1 lakh , i would get benefit of 1.25 lakh exemption income in Mutual fund?
Mem mere ek client ka insurance commission 1240 rs hai aur TDS 75 rs kata hai to. Me kya unka ye side work hai me unka income other sources main dalunga tokya139(9) main defective notice aayega?
But while filling itr 3, insurance commission income is by default showing under income from other sources. No scope for edit what shall i do? Please help.
sir, i think you are doing something wrong because auto pic of commission income under other source is not possible, if so check section under which tds dedcuted.
Madam, My tds deducted Rs 2800 against postal insurance incentive. Last year i have filled itr 1. But current year IT department send back and suggest to fill appropriate itr form. My tds deduction is under 5 thousand. So guide me to right itr (revised) form to be file. Thanks
@@TaxSmooth I have received ITR Refund for latest 2 years, but I have not applied for the same for 2021-22.. If it is possible to discuss, I will pay your fee.
My mother received 67000 as commission from lic but she receives it as a nominee of my father. Which return she should file? She has interest income also.
Sir go for ITR 3 in case you want to claim exp ag. this commission income.. otherwise you can file ITR 1 or 2 by showing this income under other income head
Mam i have received 90 lakh approx or deducted TDS 173000 on motor insurance commission but didnot maintain books of accounts now what can i do pl suggest n pl share me your no.
Ask all the questions you want answered.
For more updates, quickly subscribe to this channel.
Team TaxSmooth
@@TaxSmooth If there is a long term capital gain of 80,000/- which is less than 1 lakh and long term capital loss of 5 lakhs, then how much capital loss will be carry forwarded?
@@shashikadam4296 full 5 lac
excellent presentation
Many thanks
Very informative video
thanks sir
Very Nice...Madam
Thanks a lot
Mem mere client ka insurance commission ka 64 rs ka tds refund Abhi tak aaya nahi
pls do check your return process or not ...
Return process ho gayi hai
do insurance agents get Section 87A Rebate?
@SIDD09 yes
Madam,
My TDS of ₹2800 deducted against postal insurance incentive.
I have filled itr 1 last year but currently I filled itr 1 and the department suggested that to file revised itr 3.
Please guide me. Thanks.
sir the correct ans of this question is ITR 3 but when you are not full time agent and your amount of commission is not too much and you dont want to claim exp against that then you can enter that amount in other income itr 1
Suppose I had ltcg of 3 lakhs in mutual fund and ltc loss of 2 lakhs, then for remaining 1 lakh , i would get benefit of 1.25 lakh exemption income in Mutual fund?
yes you can
Mem mere ek client ka insurance
commission 1240 rs hai aur TDS 75 rs kata hai to. Me kya unka ye side work hai me unka income
other sources main dalunga tokya139(9) main defective notice aayega?
yes you can in this situation while claiming tds pls mention there othersource head while claiming tds.
Madam make a video for Home Tuition or coaching center.
sure sir we will .
th-cam.com/video/roIY5iPaCqo/w-d-xo.html
Thank you madam
mam business income 44 ad k under h , aur commission income 25000 h., to kya itr 4 bhar sakte h ? exp. koi v claim ni karna h
@@skot007plays7 44ad m nahi bhar sakte as comission income is not allowed in 44ad aap itr3 file kar sakte ha no books of accounts maintenance m
But while filling itr 3, insurance commission income is by default showing under income from other sources. No scope for edit what shall i do? Please help.
sir, i think you are doing something wrong because auto pic of commission income under other source is not possible, if so check section under which tds dedcuted.
Madam,
My tds deducted Rs 2800 against postal insurance incentive.
Last year i have filled itr 1. But current year IT department send back and suggest to fill appropriate itr form.
My tds deduction is under 5 thousand.
So guide me to right itr (revised) form to be file.
Thanks
ITR 3
Is ad hoc exemption available for general insurance agent ?
for LIC insurance agent only
Mam loan and insurance commission hai , to iske liye itr 3 file hoti hai? And hum loan commission ko business income dikha skte hain?
sir technically commission income ke liye ITR 3 hi hai.. yes commission is a business .. loan business i did't get here what does mean by this?
Mam Insurance Commission 33000 hai toh use itr2 me other income me dikha sakate hai?
YES YOU CAN BUT CANT CLAIM ANY DEDUCTION FROM THIS SHOW TOTAL AMOUNT
Hello mam
Hum old ITR file kr skte hai 2020-20-21
no sir now you cant file last yearS return only last 2 year return can be filed under ITR - U with few condition
@@TaxSmooth I have received ITR Refund for latest 2 years, but I have not applied for the same for 2021-22..
If it is possible to discuss, I will pay your fee.
Maam i have rental income and income from insurance commission over 4 lakhs so which ITR should i file. Also looking for old tax regime
for insurance commission go for ITR 3 SEC 44AD is not for you
Maine itr 1 file kiya tha but effective aa gaya toh kya itr 2 kar sakti hu?
yes yu can
My mother received 67000 as commission from lic but she receives it as a nominee of my father. Which return she should file? She has interest income also.
Sir go for ITR 3 in case you want to claim exp ag. this commission income.. otherwise you can file ITR 1 or 2 by showing this income under other income head
@@TaxSmooth Thank you Madam
Mam my commission total 181940 before year .or TDS 9000 to mam kon sa ITR fill kerna hai
@@PSShakarpur itr 3
@@TaxSmooth Mam 40000 commission h bs usko itr 1 kr skta hu na !?
mdm pls make a vdo on f&o and insurance commission.
Hello mam ...itr 3 insurance commission below 700000 lakh income No books of Accounts maintain ... Please video upload
sir for this you need to prepare small BS if you want we can provide you format of bs ping your email id for the same
Mam i have received 90 lakh approx or deducted TDS 173000 on motor insurance commission but didnot maintain books of accounts now what can i do pl suggest n pl share me your no.
sir now you can now get prepared your BS P&l .. for services you can ping on this no Call 011 45626514 WhatsApp 91 7827810997
5000 ka commission show ho rha h 26 as main itr 1 file kar skta hu kya
yes sir you can show it under other income heads
Hlo mam
Total commission 37263 and tds 1871 ( this is the single source of income )
Can i file itr 1 ?
@@vinaykashyap7562 yes u can
@@TaxSmooth Thankue 🙏🏻
Hi Mam,
My sister earned 11 Lakhs last year through Commison, Expenses by her for Travelling etc 4-5 Lakhs. Can I show these as expenses in ITR 3???
Yes
@@TaxSmooth oh
Thank You maam
Insurance income is 34418/- can we file itr1 ?
@@rhythmdhankar5532 yes you can but u can't claim any exp ag this in case of itr 1 put it under other income
Mam please provide me formalt of balance sheet
Please share your mail I'D Sir,