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Percentage of profit for lic agent

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(Querist)
26 July 2017 WHAT PERCENTAGE OF MIMIMUM PROFIT SHALL LIC AGENT SHALL DISCLOSE IN INCOME TAX RETURN???

CAN ANY HAS ANY IDEA????
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RAJA P M

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RAJA P M (Expert)
26 July 2017 8%.................
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keyur?

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keyur? (Querist)
29 July 2017 8 % is prescribed for 44 ad and lic agents not fall under 44 ad section!!!!!!



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RAJA P M

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RAJA P M (Expert)
29 July 2017 Yes. I know...
But, We handle the "No Maintain Books of Accounts" cases for above said percentage.
May be Books of accounts ll be maintain correctly then we can try to lowest income.

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