lic comission will be taxable under which head of income?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(195640 Points)
Replied 30 May 2018
What is the total amount of commission received?
Tina Jain
(CA)
(250 Points)
Replied 30 May 2018
Tina Jain
(CA)
(250 Points)
Replied 30 May 2018
Originally posted by : Tina Jain | ||
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he is not selling/ issuing any policies so he is not receiving any commission eventhough he is an agent on paper, then we can take that income under income from other sources? | ![]() |
Yes
RAJA P M
("Do the Right Thing...!!!")
(128111 Points)
Replied 30 May 2018
Tina Jain
(CA)
(250 Points)
Replied 30 May 2018
RAJA P M
("Do the Right Thing...!!!")
(128111 Points)
Replied 30 May 2018
Tina Jain
(CA)
(250 Points)
Replied 30 May 2018
Originally posted by : Tina Jain | ||
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and deductions available for commission income? | ![]() |
https://blog.cleartax.in/income-tax-on-insurance-commission/
rama krishnan
(12244 Points)
Replied 30 May 2018