banner_ad

commission income

This query is : Resolved 
Profile Image

Guest

Profile Image

Guest (Querist)
01 July 2008 whether Commission income received from LIC and other Insurance companies and finance companies is taxable as business income or income from other sources?

assuming that the person is earning commission on full time basis.
Profile Image

S.Srinivasaraghavan

Profile Image

S.Srinivasaraghavan (Expert)
01 July 2008 A person engaged in the profession of convassing insurance contract as stated in the querry is carrying on a profession as insurance agent..
Profile Image

PC-www.bharadwajinstitute.com

Profile Image

PC-www.bharadwajinstitute.com (Expert)
02 July 2008 Ohter sourcer... CERTAINLY....refer any text book
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI
ChatGPT Perplexity Claude Google AI Grok

CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details