Presumptive taxation

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..... Presumptive taxation
Query (Issue) Started By: - jatin Gandhi Dated:- 14-3-2014 Last Reply Date:- 14-3-2014 Income Tax
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Income Tax
Hello, I am a insurance agent and I have rec .....

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..... eived insurance commission of Rs.135000/- in current financial year. Can I show income at the rate of 8 percent on Rs.135000/- as presumptive income. Reply By CA GOPALJI AGRAWAL: The Reply: You cann .....

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..... ot claim the presumptive rate of 8 percent as you are not an eligible assessee u/s 44AD. You can claim your genuine expenses through profit & loss account.
Discussion Forum - Knowledge Sharing .....

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