Commission income
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 February 2013
respected sir,
i have received 400000(gross receipts)of lic commission during fy 2011-12.
can i declare 60% of gross receipts as income in itr-4, under no books accounts colum?.please clarify.
thanking you
i have received 400000(gross receipts)of lic commission during fy 2011-12.
can i declare 60% of gross receipts as income in itr-4, under no books accounts colum?.please clarify.
thanking you
20 February 2013
You are required to maintain books of accounts.
.or.
Fill up the Schedule PL by showing the relevant expenses and do not opt the case of no books of account.
.
.or.
Fill up the Schedule PL by showing the relevant expenses and do not opt the case of no books of account.
.
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