01 August 2015
Sir i am a retailer nature of business is sales and service of lpg spare parts like burner stove etc i have recd 2 Lakh as a commission from other verious jobs my question is can i show commission income in my accounts is there any tax liability on comm income please advice
01 August 2015
yes the commission income has to be shown in your accounts and it shall be added to your overall income and taxed at applicable tax rates.
CAclubindia
