Easy Office
LCI Learning

Commission Income

This query is : Resolved 
Profile Image

Profile Image

(Querist)
09 December 2016 how commission income of insurance agent should be reported and in which return please clarify..
Profile Image

Riddhi Kadhiwala

Profile Image

Riddhi Kadhiwala (Expert)
09 December 2016 Commission Income is professional income so ITR 4 will apply. If commission income is more than Rs. 10 lakh then service tax will apply..
Profile Image

CA Suresh Jain

Profile Image

CA Suresh Jain (Expert)
10 December 2016 Service tax on insurance commission is not payable by the agents; it is payable by the Insurance Company under RCM




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Trending Online Classes

view all classess
CCI Pro


Answer Query



Quick Links