Income tax for lic agent
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 July 2013
ONE OF MY FRIEND IS AN LIC AGENT AND HE WANTS TO FILE IT RETURNS.
HIS INCOME IS
1)COMMISSION=360000
2)SALARY=92000.
NOW MY QUESTION IS WHETHER HE HAD ANY DEDUCTIONS AVAILABLE FOR HIS INCOME EARNED DURING THE YEAR.
THANKS IN ADVANCE
HIS INCOME IS
1)COMMISSION=360000
2)SALARY=92000.
NOW MY QUESTION IS WHETHER HE HAD ANY DEDUCTIONS AVAILABLE FOR HIS INCOME EARNED DURING THE YEAR.
THANKS IN ADVANCE
27 July 2013
yes he can claim expenses against commission like traveling and telephone expenses.
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