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 Threads
- GST Applicable for Section 8
- Income tax return status issue
- Larification on Applicability of ESI, PF, and Grat
- GST RCM Liability on Royalty on Gujarat State
- Head of income for TDS u/s 194JB
- Property purchase value acquired before 2001
- Error in ITR3 - OS sheet.
- 57th GST Council Meeting: Rate Rationalization on
- Can I amend Bills of Gstr1 after filing for itc re
- REITS and which itr ?
Related Threads
CAclubindia
