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LIC COMMISSION

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(Querist)
09 October 2019 What is maximum limit for Commission receipts (LIC/Post Office), for which income cannot be declared u/s.44AD ?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
09 October 2019 There is no maximum limit for commission income.
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Mahabir Prasad Agarwal

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Mahabir Prasad Agarwal (Querist)
09 October 2019 Sorry, I mean to say minimum limit.



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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
09 October 2019 No minimum limit also.
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
09 October 2019 Commission income cannot be declared under 44AD , you have to file ITR 3 to declare commission

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