Share Transfer / Transmission for Insurance Agent (LIC/Private) — What's Different?
GST Applicable?
Yes — 18% (commission income)
Insurance agent commission 18% GST if > ₹20L.
Income Tax Benefit
Commission income: ITR-3 or ITR-4 (presumptive). TDS by insurance company.
📍 Mathura, Uttar Pradesh:
GST Code 09 | ROC Kanpur/Lucknow | Stamp Duty 7% | PT: ₹2,500/yr
Share Transfer / Transmission Process for Insurance Agent (LIC/Private)
1Documents prepare karo
2Application submit karo
3Government processing
4Certificate/registration milega
Share Transfer / Transmission — Start Today
💬 Start Now
Timeline: 5-7 Business Days
Compliance Checklist for Insurance Agent (LIC/Private)
- ✅ GST (if > ₹20L)
- ✅ IRDAI agent license renewal
- ✅ Income Tax ITR
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