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LIC AGENTS

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(Querist)
26 June 2010 Can an LIC agent who has an income from LIC commission more than Rs.60000 claim his expenses more than rs.20000? for ex. I have income from lic commission rs.102511 and expenses against this are rs.52426 can i claim expenses of rs 52426 or rs.20000?
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S.M.Indapurkar

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S.M.Indapurkar (Expert)
26 June 2010 You can claim all the expenses incurred in connection with your commission income.

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