Income tax
This query is : Resolved
AVNEESH KUMAR
(Querist)
24 August 2012
a person is earning income from isurance commission of Rs 25,00,000.
question-
1- is it profession income or business income
2- can he use itr4s and show 20% profit of 25,00,000
avneesh.bibhu@gmail.com
question-
1- is it profession income or business income
2- can he use itr4s and show 20% profit of 25,00,000
avneesh.bibhu@gmail.com
Amol S Joglekar
(Expert)
24 August 2012
Business income.... ITR4s may be used.u/s 44AD
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