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Lic commission

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Querist : Anonymous

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Querist : Anonymous (Querist)
28 March 2012 Dear sir,
I am a LIC agent. I would like to know that can I opt Section 44AD in AY 2011-12 by declaring 8% net profit on commission received.
Thanks and regards.
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
28 March 2012 Yes, you can opt for Section 44AD.
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Mihir Doshi

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Mihir Doshi (Expert)
28 March 2012 Agree with expert
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