Dear sir,
Can a LIC agent take NO ACCOUNT CASE in ITR3 ?
His total income-712300/-
expenses-255700/-
cash in hand-155000/-
Menu
NO ACCOUNT CASE
Replies (3)
No.
Must file P&L acc & BS details...
thanks sir
File ITR3 with BS and P&L including only those items which relates to your commission income.
There are slabs for deduction of expenses based on Commission on first premium , renewal premium etc. Check that and claim expenses açcordingly.
There are slabs for deduction of expenses based on Commission on first premium , renewal premium etc. Check that and claim expenses açcordingly.
Recent Topics :
- Late Fees and Interest
- HDFC Bank’s Bureaucracy: The Nightmare of Fl
- Running a CSC Center, Maha E-Seva Kendra, Setu Ken
- GSTR-9 Table 8A issue
- CA Inter Coaching institutes at Hyderabad
- Looking for practising CA
- TDS return filing
- Need formats of FS as per Co act 2013 in soft copy
- Remittance to italy
- Invoice made but goods not sent
Related Topics :
CAclubindia
