Commission from LIC / professional income?
This query is : Resolved
28 June 2010
i hav a case in which commision from LIC is Rs. more than 10 Lac, whether its covered u/s 44AB of the income tax act for Audit provision.
28 June 2010
Commission from LIC is not a professional income..so limit for tax audit u/s 44AB is Rs. 40 lakhs
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