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insurance commisssion

This query is : Resolved 


Querist : Anonymous

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Querist : Anonymous (Querist)
09 July 2010 can any one tell taxable under which head,why.moreover an agent does not maintains books of accounts then how to deduct expenses

09 July 2010 For an agent, it is included under Business or Profession.

09 July 2010 income from business or profession

Insurance agency is a profession as well as a business

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