Lic agent

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
16 October 2017 I received LIC Commission Rs. 4 Lacs last year. can I claim 44ADA or 44AD.

16 October 2017 LIC commission is not covered under specified profession so you can't opt for sec 44ADA. And it is also not a business so 44AD can't be opt.

16 October 2017 LIC commission is not covered under specified profession so you can't opt for sec 44ADA. And it is also not a business so 44AD can't be opt.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
16 October 2017 ok Sir, than can I show its PGBP Income. and can i file ITR-3. I want to claim expenses to gain such commission.

16 October 2017 Yes...
You ll be file ITR 3 and claim


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
29 September 2026
Work at home

Lottery.sambad.tv

Bhopal

Others

View Details
Company
26 September 2026
Chartared Accountant

pushpganga ventures

Pune

CA

View Details
Company
ARTICLESHIP 01 September 2026
Articles

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Foundation

View Details
Company
ARTICLESHIP 04 September 2026
Accounts Executive

Hema Yashwanth & Associates

Chennai

B.Com

View Details
Company
08 September 2026
Semi-Qualified Assitant

Subrahmanyam & Sivudu CA Firm

Hyderabad

CA Inter

View Details
Company
ARTICLESHIP 18 September 2026
Industrial Trainee

Twenty Point Nine Five Ventures Private Limited

Noida

CA Inter

View Details
Company
17 September 2026
Chartered Accountant

Dass Gupta & Associates

Gurgaon

CA

View Details
Company
ARTICLESHIP 15 September 2026
Freelance Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details