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Taxation of inssurance commission to an agent

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(Querist)
08 June 2017 under which head the only income from inssurance co. as an agent taxable?? if pgbp whethr we need to make B/S nd P/L which itr is applicable??
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
08 June 2017 yes it is taxable under pgbp. P&L and BS shall depend on 44AA applicability.
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Tausif ali

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Tausif ali (Querist)
08 June 2017 Thank u sir
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
11 June 2017 you are welcome Tausif.

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