I have a corporate Agency of Life Insurance and TDS deducted by company on my commission.I want to know commission on Insurance business taxable in which tax head and how much expense should be exempt for my bye petrol + telephone expense etc. and further which ITR suitable to me for Salary Income + Income for other sources + insurance commission income.
First of all many thanks for reply but my insurance commission is like normal agent commission deduction made @10% for TDS and I have not any office for this purpose I wish to show this income in other sources like LIC Agent member is it possible.
my agency is only corporate channel of company that is why I call corporate agent otherwise no any difference between normal agent or me.
CAclubindia
