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Deduction of l.i.c.agent

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Querist : Anonymous

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Querist : Anonymous (Querist)
11 July 2012 Dear sir,
I am a l.i.c.agent
&Commission recieved of A/Y 2012-13 Rs,370000/- Approx ,i pay
l.i.c.premium is Rs,50000/-, Pl,give me advise detail of other
deduction & exepenses PETROL-15000/-,SALARY-60000/-,STASNORY-10000/-,TELEPHONE-7000/-,SUNDRY EXE-15000/-Are allow for exempted for taxable income
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
11 July 2012 Yes the expenses will be allowed as deduction from such income.
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