Taxation of inssurance commission to an agent
This query is : Resolved
Tausif ali
(Querist)
08 June 2017
under which head the only income from inssurance co. as an agent taxable??
if pgbp whethr we need to make B/S nd P/L
which itr is applicable??
Nikhil Kaushik
(Expert)
08 June 2017
yes it is taxable under pgbp. P&L and BS shall depend on 44AA applicability.
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Tausif ali
(Querist)
08 June 2017
Thank u sir
Nikhil Kaushik
(Expert)
11 June 2017
you are welcome Tausif.
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