LIC AGENT CODE

LIC ÀGENT - CODE FOR INCOME TAX RETURN (AY:2018-19?
Replies (20)
Quick Summary
The discussion clarifies the correct business code for LIC agents in Income Tax Returns. Members debated multiple codes, with consensus favoring 09005 for general commission agents such as LIC agents. It also covers ITR selection, Section 44AD queries, and related business code discussions.

'13011'   

RETAIL SALES - CODE FOR INCOME TAX RETURN AY :2018-19

'09023'

&/or  '09028'

post agent code

 

daily commission agent cooperative society and non parabanking compines

sir, regarding LIC agent commission you have given  13011 is Life insurance , i think this is LIC business (such as LIC of india, SBI life etc)

sir, regarding LIC agent commission you have given  13011 is Life insurance , i think this is LIC business (such as LIC of india, SBI life etc), can u pl review and confirm

Yes.... you may select.... '13018' ... these are all financial INTERMEDIATION services..

Sir, Can't we use the code "21008-Other services n.e.c."

Originally posted by : Dhirajlal Rambhia
Yes.... you may select.... '13018' ... these are all financial INTERMEDIATION services..

Sir, Can't we use the code "21008-Other services n.e.c."

09005 is for lic and othe commision agent ( we can say general commission agent, commodity broker and auctioneers)

102223

You are right, the code is - 09005 for General Commission Agent, such as LIC agent etc.

Originally posted by : Dhirajlal Rambhia
'13011'   

Sir can we file Income tax under under 44AD? 

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