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Insurance commission expenses
If insurance commission exceeds 60k, the books of ac are to be maintained and no presumptive income applicable.What expences he can claim.Can insurance agent claim the lumpsum payment made to a person, who on his behalf meet the client and help him.
Replies (2)
Yes, provided reasonable amount paid by banking mode.
These are seperate expenses under insurance commission. if there is presumptive income you hv to provide the details.
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