Dear sir,
Can a LIC agent take NO ACCOUNT CASE in ITR3 ?
His total income-712300/-
expenses-255700/-
cash in hand-155000/-
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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.
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