Income tax code for lic agent
WebBest Tax Saving Plans. High Returns. Get Returns as high as 17%*. Zero Capital Gains tax. unlike 10% in Mutual Funds. Save upto Rs 46,800. in Tax under section 80 C. *All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply. WebMay 26, 2024 · CBDT has changed of business codes for income tax return forms from A.Y. 2024-20. Before filing of Income tax return we must (ITR) ensure correct business secto ... General commission agents, commodity brokers and auctioneers: 9005: Wholesale of agricultural raw material: ... Life insurance: 13011: Pension funding: 13012: Non-life …
Income tax code for lic agent
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WebThe types of businesses using SIC code 6531 might include real estate agents and brokers, rental and escrow agents. For a Property Management business you might need to use different SIC codes. Section SIC Industry; Division. 60-67. Finance, Insurance and Real … WebApr 24, 2016 · 11. Income by way of long-term capital gains arising from the transfer of units purchase in foreign currency by a off-shore fund. 115AB (1) (b) 10. 5AB1b. 12. Income from bonds or GDR purchases in foreign currency or capital gains arising from their transfer in case of a non-resident. 115AC (1) 10.
WebUnderstanding Income Tax for Insurance Agents. Income tax return is a statement of income and tax that needs to be submitted by taxpayers to the Income Tax Department in the prescribed form. The different forms available include ITR - 1 SAHAJ, ITR - 2, ITR - 3, … WebTaxability of Agent Commission. Advisory: Information relates to the law prevailing in the year of publication/ as indicated . Viewers are advised to ascertain the correct position/prevailing law before relying upon any document. Disclaimer: The above calculator is only to enable public to have a quick and an easy access to basic tax ...
WebSep 16, 2024 · Professionals are also required to disclose business codes. Income Tax department specified Business codes for ITR Forms for AY 2024-22. ... General commission agents, commodity brokers and auctioneers: 9005: Wholesale of agricultural raw material: ... Life insurance: 13011: Pension funding: 13012: Non-life insurance: 13013: Administration … WebDec 22, 2024 · This Video is about Minimum Target For LIC Agent LIC Agent minimum business requirements-----...
WebJun 2, 2024 · Updated: June 2, 2024. No Tax Status and Limited Income Credit can reduce the amount of personal income tax you pay. Based on your Massachusetts Adjusted Gross Income (AGI), you may qualify for either one. Adjusted gross income is gross income …
WebAnswer (1 of 3): A license agent gets his insurance commission every year and tax has been deducted and26AS obtained from the income tax site. He is filing his income tax returns by way of claiming office expenses and net surplus is arrived as taxabli incoe . Statutory deduction like ,80C, 80D, 8... trymore mpayaWebMar 24, 2024 · I am getting lots of queries daily which are: I am LIC agent which ITR I have to file:I have income from commission can I file ITR 4S etc. so it this video y... phillip brackin njWebApr 26, 2024 · Total Taxable Income = Rs 4,89,500 – Rs 86,000 = Rs 4,03,500. Which Income Tax Return to file . Gaurav has also heard about the presumptive method of taxation and wants to know, whether an insurance agent can file ITR-4 or not. Gaurav is not eligible to … phillip bradfordWebLife Insurance Corporation, popularly known as LIC is Indian state-owned insurance group and investment company. Buy Life Insurance Plans and Policies from lic of india Avail tax benefits with multiple cover options. phillip bradford alabamaWebSep 14, 2024 · #licagent #itr #incometaxHow to file Income Tax Return(ITR 3) for LIC agent, Freelancer and Broker Online ITR 2024-22In this video, We have discussed about... phillip bradford uconnWebJun 2, 2024 · I want to confirm what will be the Correct Business Code for LIC Agent and Post Office Agent. ... and auctioneers: Code 09005 Please give your views. ... Income Tax, Insolvency and Bankruptcy Code, Benami Property Law, Code of Ethics, ICAI, Investment & … try more什么意思WebWhich ITR form is applicable for LIC agent ? Answer. Answer. LIC agent can use ITR-3 as LIC agent receiving the commission from insurance company. Group. Ask IT; Questions. Which ITR form to be used by Life Insurance Corporation agent? Which ITR form is applicable … trymos scam reddit