Taxation of heriditary LIC insurance commission

sivadas chettoor | Last updated: 10 February 2015

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TAXATION OF HERIDITARY LIC INSURANCE COMMISSION- A STUDY SIVADAS CHETTOOR BCOM FCA LLM INTRODUCTION:- The brief study in this article relates to some legal and taxation issues connected with the receipt of hereditary commission by nominee or legal heirs of the insurance agent when he/she dies. The discussion is restricted to agents of Life Insurance Corporation of India (LIC). Normally an insurance agent is required to nominate a person or persons to whom the LIC is obliged to p

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1 Year PLAN

1999

(Excl. of GST ₹359)

BEST VALUE

2 Years PLAN

3499

(Excl. of GST ₹629)

3 Months PLAN

999

(Excl. of GST ₹179)

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About the Author

sivadas chettoor

I am A CA practicing at Palakkad, Kerala, India SIVADAS CHETTOOR B.COM FCA LL.M CHARTERED ACCOUNTANT, SHALOM FORT PLUS STADIUM BYE PASS ROAD , NEAR TRINITY EYE CENTRE, PALAKKAD-678013 siva208 @ yahoo.com daschettoor @ gmail.com

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