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

Follow us
add to google news


Answer Query



Company
22 June 2026
Accountant

Global Image Technologies Private Limited

New Delhi

MBA

View Details
Company
ARTICLESHIP 07 July 2026
Articleship

Jawahar and Associates Chartered Accountants

Hyderabad

CA Inter

View Details
Company
05 July 2026
Financial Controller

NovumLake Partners

Mumbai

CA

View Details
Company
25 June 2026
AUDIT MANAGER

JDAS & ASSOCIATES

New Delhi

CA

View Details
Company
Featured 24 June 2026
HEAD - AUDIT AND TAXATION

A R JADHAV AND ASSOCIATES

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 14 July 2026
Article Assistants

R Shyam and Associates

New Delhi

CA Final

View Details
Company
ARTICLESHIP 30 June 2026
Article Assistant or Paid Assistant

VIKAS VERMA & CO

New Delhi

Others

View Details
Company
06 July 2026
Accountant

Agarwal Anoop and Associates

Noida

CA Final

View Details