Lic agent
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 October 2017
I received LIC Commission Rs. 4 Lacs last year. can I claim 44ADA or 44AD.
16 October 2017
LIC commission is not covered under specified profession so you can't opt for sec 44ADA. And it is also not a business so 44AD can't be opt.
16 October 2017
LIC commission is not covered under specified profession so you can't opt for sec 44ADA. And it is also not a business so 44AD can't be opt.
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 October 2017
ok Sir, than can I show its PGBP Income. and can i file ITR-3. I want to claim expenses to gain such commission.
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