Commission Income
This query is : Resolved
09 December 2016
how commission income of insurance agent should be reported and in which return please clarify..
09 December 2016
Commission Income is professional income so ITR 4 will apply. If commission income is more than Rs. 10 lakh then service tax will apply..
10 December 2016
Service tax on insurance commission is not payable by the agents; it is payable by the Insurance Company under RCM
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