i was working as an lic agent. then i moved into a pvt job with a pulic ltd company and now going to join a govt job. For the last two years as i was out of the city a have not received my comm. cheque from lic nor form 16. I have also not mentioned the same in my last two ITR as I had nor received payment nor I had the knowledge of the same. Now i want to formally close my agency and collect my pending commision. what can be done for declaring this income.... will any penalty be imposed upon me....
