Itr
avneesh
(Querist) 21 July 2012
This query is : Resolved
A PERSON IS AGENT OF INSURANCE COMPANY.
IN A/Y 2012-13 HIS TOTAL INCOME FROM COMMISSION FROM INSURANCE COMPANY IS Rs 3,50,000. WHICH I.T.R. WILL BE APPLICABLE FOR HIM ?
AND TAX AUDIT IS APPLICABLE FOR HIM ?
CAN HE CLAIM EXP. OF Rs. 175000 TO EARN ABOVE INCOME?
IF ITR 4 IS APPLICABLE, B/S & P/L HAS TO FILL IN ITR ?
IS TAX AUDIT IS APPLICABLE ?
WHAT IS CODE FOR THIS BUSINESS ?
THERE IS ANY TAX PLANNING FOR NIL TAX.
E-mail : avneesh.bibhu@gmail.com
A V Vishal
(Expert) 22 July 2012
CAN HE CLAIM EXP. OF Rs. 175000 TO EARN ABOVE INCOME? THERE IS ANY TAX PLANNING FOR NIL TAX.
Contact your tax consultant, advise in the open forum is not advisable.
IF ITR 4 IS APPLICABLE, B/S & P/L HAS TO FILL IN ITR ?
Optional
IS TAX AUDIT IS APPLICABLE ?
No
WHAT IS CODE FOR THIS BUSINESS ?
0809
