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Itr filling code

CA Dheeraj Bansal (Chartered Accountant) (652 Points)

22 July 2018

What is return filling code of LIC agent. Is itd 13015, 09005 or something else. TIA

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Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160332 Points)
Replied 22 July 2018

'13011'

RAJA P M ("Do the Right Thing...!!!") (127160 Points)
Replied 22 July 2018

LIC agent use the code - Life insurance - 13011

(These are not suitable for LIC agent
*Stock brokers, sub-brokers and related activities - 13015
*General commission agents, commodity brokers and auctioneers 09005)

CA Dheeraj Bansal (Chartered Accountant) (652 Points)
Replied 23 July 2018

Sir, 13011 code may be for Life Insurance Corporation & not for LIC agent. Please reply

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160332 Points)
Replied 23 July 2018

Intermediation means brokerage function which brings together seekers and providers of goods, information, money, etc.

Need for intermediation occurs due to the imperfect nature of markets and everyday situations where the complete ('perfect') knowledge about providers and seekers (and about what they seek) is not available to everyone.

Business codes series 13000 is for 'FINANCIAL INTERMEDIATION SERVICES'

I don't see LIC as intermediator !!!

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