income tax paid.
karthik (student) (29 Points)
22 August 2017
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160322 Points)
Replied 22 August 2017
The commission you receive or service charge you levy over the services would be taxable value......... but proof of one to one reimbusement entries should be available, whenever asked for.
karthik
(student)
(29 Points)
Replied 22 August 2017
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160322 Points)
Replied 22 August 2017
Yes.... also such entries in your account books.....
karthik
(student)
(29 Points)
Replied 22 August 2017
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160322 Points)
Replied 22 August 2017
You should issue tax invoice for the commission charged only.
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"