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Agent's income assessment

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(Querist)
16 February 2014 if an agent of lic or any other estab. gives his part of commission to his client to incurage for taking more policy is this part of commission is deductable frm his income?
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@VaibhavJ

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@VaibhavJ (Expert)
16 February 2014 Hi

An agent income earned is taxable under PGBP & he can show expense incurred by way of the same in his ITR.

Thx

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