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LIC Agent's service

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Querist : Anonymous

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Querist : Anonymous (Querist)
29 December 2010 Dear Sir,
Please advice the category of LIC agent under which it will be taxed in Income Tax & what is the code ?
regards
Abhilash
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CA Ayush Agarwal

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CA Ayush Agarwal (Expert)
29 December 2010 Code Can Be Given
0703 - Service Sector [Consultancy services]


It Can Be Taxed as Business profession & Expenses Related to this Business Can Be Claimed.

Also Many professionals practised to Show This Income Under Other Source

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