I am int he businees of import of electrical items from Turkey. I am receving commmsion from the foreign party on the contracts secured with my help for supply of electrical items to directly Indian parties. The payment of supply is made dictly made to foreign party by indian party and I receive commision from party for assistance provided by me for securing the order for foreign party. I want to know such amount received as commision by me from foregn party in foreign current is taxable, if taxable whether the whole amount or some part of it.
CAclubindia
