Insurance agent
This query is : Resolved
28 July 2013
a person is agent of Life Insurance Corporation (L.I.C.). his total commission of A/Y 2013-2014 is Rs. 25,00,000.
he want to file income tax return.
Question-:
1.- is it business income or professional income or other sources income.
2.- is audit required or not
he want to file income tax return.
Question-:
1.- is it business income or professional income or other sources income.
2.- is audit required or not
29 July 2013
Business income as per ICAI publication.
Audit is not mandatory.
Audit is not mandatory.
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