HI, CAN ANYBODY TELL ME, IF I RECEIVE INSURANCE COMMISSION OF RS. 90,000
THE ADHOC DEDUCTION IS NOT APPLICABLE BUT FOR CLAIMING THE EXPENDITURE
CAN I HAVE TO PREPARE THE P/L A/C OR CAN I ALSO CLAIM IN THE NO ACCOUNT CASE.
PLS HELP
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INSURANCE COMMISSION
Replies (3)
You will have to prepare a P & L a/c giving details of all income and expenditure incurred
BUT IAM NOT FALLING U/S 44AA, EVEN THEN I HAVT TO PREPARE BOOKS.
Yes... Bec it'll help u prove that yr limit doenst exceed the limit prescribed.......
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