Taxability of LIC Agent

Mrituanjay (Articled Assistant) (56 Points)

29 July 2009  

can u pls help me on taxability of commision of LIC Agent. As his gross recipt from lic does not exceed 5,00,000 during the year.


and he does not have income from any other sources of income.
does he have to maintain boks of acount..


if no can he file the return in NO BOOKS OF A/C .
as he does not having b/s item what he will fill in B/S