commission income
This query is : Resolved
Guest
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.
assuming that the person is earning commission on full time basis.
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..
02 July 2008
Ohter sourcer... CERTAINLY....refer any text book
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