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Are LIC agents professionals?

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(Querist)
18 June 2011 Can the works of LIC agents be considered as profession? If so the applicable limit for tax audit will be 15 lacs.

Kindly guide on the above issue.
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CA MANOJ GUPTA

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CA MANOJ GUPTA (Expert)
18 June 2011 IT IS TREATED AS BUSINESS ACTIVITY
ICAI ALSO OPINES SO

CA MANOJ GUPTA
JODHPUR
09828510543
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CA Birju Ruchir Desai

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CA Birju Ruchir Desai (Querist)
21 June 2011 Thanks for your prompt and quick reply.
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