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Tax audit

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24 August 2012 a agent of life insurance corporation of india have earned total commission of Rs. 20,00,000. is it required to tax audit


avneesh.bibhu@gmail.com

24 August 2012 there is no requirement of audit being commission income falls under other sources income and audit is required only for business & professions u/s 44AB.

24 August 2012 I Think Its Better to Do Tax Audit, & File ITR 4 Claim as Business Income So That You Can Show Various Expenses Incurred in Regard to Commission Income Earned.




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