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avneesh (Querist) 24 August 2012 This query is : Open
a agent of life insurance corporation of india have earned total commission of Rs. 20,00,000. he is not maintaing books of a/c

question-

1-he can use itr 4s sugam

1- there may be any panalty for non maintaining books of a/c

2- he can show only 8% exp. on 20 Lacs as per 44ad

5- otherwise how much exp. can claim

avneesh.bibhu@gmail.com

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