What are the best ways to get maximum benfit by reducing the tax liability from Insurance commission (income source) for an individual assessee, he is having appox. income 25- 32 lakhs.
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Insurance commission
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You will be covered as an Insurance agent whose commission earned exceeds Ra.60000/- and you can claim deductions for the expenses spend by you in the business as covered under section 30-43B of the Income tax Act. In case of any details, you get in touch with me.
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