business v/s profession

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Querist : Anonymous (Querist)
16 June 2011 lic insurance ajent commission income whether chargeable in nature of business or profession

16 June 2011 UNDER THE SCHEME OF THE ACT PROFESSION IS ONE WHICH IS SO SPECIFIED IN SECTION 44AA OF THE ACT
LICD AGNET IS NOT SO SPECIFIED HENCE IT IS A BUSINESS ACTIVITY
ICAI IN ITS PUBLICATION TITLED "ISSUES ON TAX AUDIT" HAS ALSO STATED SO
CA MANOJ GUPTA
JODHPUR
09828510543



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