commision received from SBI life insurance
This query is : Resolved
20 August 2009
one of my clients has received commission from SBI life insurance Rs 50983. How is such income treated as. Is deduction of 33.33% allowed as it is allowed in case of LIC
CA. B.SRINIVASULU
(Expert)
21 August 2009
Yes. the same will be followed. he can avail deduction.
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