banner_ad

Tax Audit Limit for Commission received by LIC Agent

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
24 September 2010 Sir my question is if an LIC agent received commission more than Rs. 10 Lakh in P.Y. 2009-10, tax audit is applicable or not
Profile Image

Aditya Maheshwari

Profile Image

Aditya Maheshwari (Expert)
24 September 2010 commission income is business income and hence limit Rs. 40 lakhs and not 10 lakhs.
Profile Image

CA. Kishore Choudhary

Profile Image

CA. Kishore Choudhary (Expert)
23 November 2010 agree
Profile Image

Aditya Maheshwari

Profile Image

Aditya Maheshwari (Expert)
23 November 2010 we should avoid to reply to threads with messages like I agree thanks, etc etc or even by answering the same answer. We should avoid any repition in the asnwer. Instead we can use the thank user icon just below the profile detail of the user in each post. We should always try to add value with your each post.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details