Whether tax audit or not??
This query is : Resolved
Mani Lakshman
(Querist)
09 November 2011
DEAR SIR,
I have a doubt while filing the return in case of LIC Agent and General Commission,
1) LIC AGENT
Under what head it comes
whether is profession or business
my client is only a LIC Agent whose income is Rs 15,42,361/- for the year 2011-12,
2) General commission agent
He is doing as full time commission agent in the HOUSING loan his income is above Rs 50,00,000/- whether it is Tax audit??
I have a doubt while filing the return in case of LIC Agent and General Commission,
1) LIC AGENT
Under what head it comes
whether is profession or business
my client is only a LIC Agent whose income is Rs 15,42,361/- for the year 2011-12,
2) General commission agent
He is doing as full time commission agent in the HOUSING loan his income is above Rs 50,00,000/- whether it is Tax audit??
09 November 2011
1. Business
2. Tax Audit is applicable
2. Tax Audit is applicable
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