Lic commission
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 March 2012
Dear sir,
I am a LIC agent. I would like to know that can I opt Section 44AD in AY 2011-12 by declaring 8% net profit on commission received.
Thanks and regards.
I am a LIC agent. I would like to know that can I opt Section 44AD in AY 2011-12 by declaring 8% net profit on commission received.
Thanks and regards.
28 March 2012
Yes, you can opt for Section 44AD.
28 March 2012
Agree with expert
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