Lic commission income
This query is : Resolved
04 October 2017
Dear sir,
Where do we have disclose income earned as commission from Life Insurance corporation. The same needs to be shown as Business income or Income from other sources? If shown as income from other sources can we claim any deduction on it?
Please advice
Regards,
Where do we have disclose income earned as commission from Life Insurance corporation. The same needs to be shown as Business income or Income from other sources? If shown as income from other sources can we claim any deduction on it?
Please advice
Regards,
06 October 2017
LIC COMMISSION SHOW IN INCOME FROM BUSINESS AND PROFESSION
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Sales of goods of amount Rs77 lakhs to a party
- ITR-3 - How to show loss in 65(i) - (iii) under under Part A - P & L section and sub section 65?
- Value of Perquisite Tax Borne by Employer
- Query related to CA/CS/CMA Firm
- Automatic MIS from Tally ERP
- Schedule Dpm under 44ada no account casr
- Taxability and TDS treatment on Crypto futures
- Rejection of application U/s.119(2)(b) by PCIT
- TDS Retunr Statement Status
- Suggest proper Tax & TDS applicability on Crypto Futures
- FOB freight
- GST applicability on Shipping charges
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
