EASYOFFICE
EASYOFFICE
EASYOFFICE

income from insurance commission

This query is : Resolved 

13 July 2010 sir ,ok so we can claim 15%of net income on total commission received and claim refund from tds deducted (for income exceeding 60000)

13 July 2010 If commission income exceeds Rs. 60,000 then proper books of accounts needs to be maintained and profit & loss should be made though the expenses can be equal to 15% of income and claim refund. However u need to specify expense name like conveyance, general exp, etc.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries