Taxable under which head?
This query is : Resolved
Yadav Santosh
(Querist)
23 July 2007
income earned as commission on insurance is taxable under the head of salary or any other pls help
24 July 2007
Income from other Sources
CA. Mohammed Yusuf
(Expert)
24 July 2007
Hi Yadav,
Definitely NOT under the Head Salary !
Definitely NOT under the Head Salary !
Vasantha Kumar Reddy
(Expert)
24 July 2007
There must Employer and employee relationship must be there to fall under salary income.
Definitely, there is no such relation ship beween the insurance company and agent.
Hence its not come under Salary Income.
It is chargeable under Income from Other Sources.
Definitely, there is no such relation ship beween the insurance company and agent.
Hence its not come under Salary Income.
It is chargeable under Income from Other Sources.
Yadav Santosh
(Querist)
24 July 2007
thanks very much.
Dhirajlal Rambhia
(Expert)
08 August 2023
For agent it is business, as such it can be assessed under head PGBP.
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