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COMMISSION INCOME TAXABILITY

This query is : Resolved 

SIR,
if a person earns commission income from sbi life insurance can 25% of his income be claimed as expenses, without any bills and voucher.If no how much % can be claimed.His income is more than 20 lakhs.

Claim traveling expenses like petrol, insurance, repair and depreciation on the vehicle.

thank u very much for your response sir. i want to know whether we can claim flat 25% of income as expenses if no book of accounts are maintained.

That's not allowed show some reasonable expenses.



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