Dear all,
what if the assessee has maintained proper books of accounts & this is not his first year. And also he has earned an insurance commision if over 60000/-. Can he claim the expenses as per books of accounts?
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LIC Commision deductions
Replies (2)
Ya he can claim only related expenses not for all expenses.
| Originally posted by :Jayesh Gurbani | ||
| " | Dear all, what if the assessee has maintained proper books of accounts & this is not his first year. And also he has earned an insurance commision if over 60000/-. Can he claim the expenses as per books of accounts? |
" |
Ya, he can claim expenses related to his insurance comission business.he cann't file his income on presumtion basis as his insurance com exeeds rs 60000/- in a year.
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