COMMISSION INCOME TAXABILITY
This query is : Resolved
22 June 2021
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.
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.
23 June 2021
Claim traveling expenses like petrol, insurance, repair and depreciation on the vehicle.
23 June 2021
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.
23 June 2021
That's not allowed show some reasonable expenses.
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