Income tax return
This query is : Resolved
14 August 2015
dear sir,
One client of mine is bank recovery agent commission) & LIC agent also. I prepared Capital & balance sheet for the year 14-15. The LIC commission credited in Capital Account & Business income in P & L account. My question is shall I treat LIC commission in other income in computation. please guide me.
thanks
One client of mine is bank recovery agent commission) & LIC agent also. I prepared Capital & balance sheet for the year 14-15. The LIC commission credited in Capital Account & Business income in P & L account. My question is shall I treat LIC commission in other income in computation. please guide me.
thanks
14 August 2015
Since he is LIC agent income from LIC commission should be included in business income.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Soyabean hsn code and gst rate
- Treatment of Pension ?annuity returns on PMVY
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- TDS related Query_Liquidated Damages
- NON- SUBMISSION OF LLP FORM 3
- Long Term Service award taxability in hands of company
- Last year TDS Claim
- Form 27Q Correction statement taking too long to update on IT Portal
- ITR selection for salaries and capital gain less than L
- Showing Gift from relative in ITR for this year
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
