Query regarding LIC
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 4
1- there may be any panalty for non maintaining books of a/c
2- he can claim 60% exp. of gross receipts
5- otherwise how much exp. can claim
6- tax audit is applicable
7- b/s and p/l is not fill in itr 4 any panlty of harmful
avneesh.bibhu@gmail.com