Income from Insurance Commission
This query is : Resolved
03 April 2011
Mr. X has earned General Insurance Commission during the year around Rs. 3 Lakhs, but has not maintained any books of a/cs. How to show the Income in the ITR? Whether expenses can be claimed against the income without showing the B/S? Or can it be shown under Income from other sources?
03 April 2011
yes he can claim the expenses without showing balance sheet
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