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heads of income

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(Querist)
25 February 2009 a insurance agent is define which heads
if he has engeged only that business or not
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
25 February 2009 Income from insurance agency may be considered under the head'income from business'. Reference--Icai publication 2000 edition 'issues on tax audit' page 24.
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CA.MANOJ LAMBA

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CA.MANOJ LAMBA (Expert)
26 February 2009 YES, WARRIER SIR IS 100% CORRECT.
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