itr

sagar (CA FINAL STUDENT) (60 Points)

29 June 2011  

Whelther the deductions like 50% in first year & 15% in renewal commission can be claimed by an agent of general insurance co. (not LIC).suppose his income exceed 60000 then whelther it is reasonable to treat him in the head income from other sources???

and if his income exceed 120000 but we do not maintain books of accounts..... then, can we file ITR by showing the whole income(without claiming deductions) under income from other sounces???