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Speculative and specified business

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Querist : Anonymous

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Querist : Anonymous (Querist)
11 February 2016 Dear Sir,

one of my friend is LIC agent having income form LIC commission, Please tell me this income is fall under which category i.e. speculative business or specified business.

Similarly Income from Tuition fees is also falls under which category speculative business or specified business.

Thanks in Advance
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HIREN

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HIREN (Expert)
11 February 2016 Both are not speculative business.

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