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Expense

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02 May 2016 My earning is from Insurance Commission only, Can i claim expense against commission income in ITR filing.

03 May 2016 Yes you can claim it,
Where separate figures of first year and renewal commission are available, 50% of first year commission and 15% of the renewal commission.

Where separate figures as above are not available 33.3% of the gross commission.



Abhishek Ranjan Singh
ARS Solutions
www.arssolutions.co.in
+919022838615
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10 October 2021 If the income is declared under PGBP, all the expenses incurred for the earning of the income can be claimed.






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