Accounts
This query is : Open
18 June 2017
Dear Sir,
My friend has insurance commission receipts of RS.135,000/-
and expenses inured for that purpose is Rs.17,000/-
1) Whether books of account required to maintain.
2) And also explain in detail the above provision
My friend has insurance commission receipts of RS.135,000/-
and expenses inured for that purpose is Rs.17,000/-
1) Whether books of account required to maintain.
2) And also explain in detail the above provision
CA Rashmi Gandhi
(Expert)
18 June 2017
No need to maintain accounts.
Also commission is more than Rs.60000/- then no ad hoc deduction available. Claim actual expenses.
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