Lic commission income
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 February 2014
Please let me know if a person has income from LIC can that person file ITR 4S showing 8% as Income
AVTAR SINGH
(Expert)
19 February 2014
Commission income can't be taken on presumptive basis u/s 44AD. Maintain books and file ITR-4.
Dhirajlal Rambhia
(Expert)
11 October 2021
Section 44AD is not applicable to ......... Brokerage or commission income..
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