Lic agencts commission income more than rs. 25 lac.
This query is : Resolved
06 April 2015
MY CLIENT HAVE LIC COMMISSION INCOME FOR F.Y. 2012-13 MORE THAN RS. 25.00 LACS. IS HE LIABLE TO AUDIT OF ACCOUNT?
Kaushik Joshi
(Expert)
06 April 2015
Dear Kamlesh,
If it is his business to work as a lic agent then yes he's liable to tax audit. But now you cannot file his return of income since the last date for filing return of income of FY12-13 was 31-3-15.
If it is his business to work as a lic agent then yes he's liable to tax audit. But now you cannot file his return of income since the last date for filing return of income of FY12-13 was 31-3-15.
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