LIC commision
vipul patel (28 Points)
12 June 2017
LIC agent commision which head show in income tax return file
10 Replies
CA Rashmi Gandhi
(Chartered Accountant)
(86461 Points)
Replied 12 June 2017
Income from Bus & Profession
M.srinivas
(Professional cosultant)
(38 Points)
Replied 13 June 2017
It can be shown in other source of income if tds is there is can be claimed, also various methods can be shown, whether depending upon particular persons income
CA Rashmi Gandhi
(Chartered Accountant)
(86461 Points)
Replied 13 June 2017
No it is specifically given in act to trat comm as bus & profession head income.
PRABIR PAUL
(*****Accountant***** Never insult to any person for any kind of lack of knowledge or misread.)
(1448 Points)
Replied 13 June 2017
The income is taxable under the head Profession.
iaxminarayan bhattad
(prop)
(57 Points)
Replied 13 June 2017
only under the head businee under the head profession is wrong
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