Commision given to employee in prop. ship firm
This query is : Resolved
31 March 2012
Dear Sir,
Can we give commission in year end i.e. 31.03.2012 for Rs. 4,00,000/- to a employee who is a son of prop in a prop. ship firm.
We are already providing salary to his son for Rs. 30,000.00 P.M.
Please clarify.
Regards
Can we give commission in year end i.e. 31.03.2012 for Rs. 4,00,000/- to a employee who is a son of prop in a prop. ship firm.
We are already providing salary to his son for Rs. 30,000.00 P.M.
Please clarify.
Regards
01 April 2012
YES, REASONABLE COMMISSION CAN BE GIVEN AFTER DEDUCTION OF TAX AT SOURCE.
01 April 2012
PL BE READY FOR INVOKING OF SECTION 40A(2) AO MAY DISALLOW THE COMM INVOKING THAT SECTION
CA MANOJ GUPTA
JODHPUR
09828510543
CA MANOJ GUPTA
JODHPUR
09828510543
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