one of my friend is earning salary income of 240000 PA and he earned a commission of 40,000 from LIC (no bifurcation available). Now please tell me which ITR he should file? what is the treatment for commission income?
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Lic agents income calculation
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file ITR 3
Thank you. Plz let me know that entire 40,000 is taxable? or 33.1/3% should be exempted from 40,000?
you can deduct expenses from 40000
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