Commission

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

21 March 2014 Sir,

What are the deductions can be claimed for Income from Commission.

*Commission can get the agent on Turnover of Company.

CS,CA F,Numrologi TusharSampat (Expert)
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21 March 2014 those which are available for cal business income is allowed.

Querist : Anonymous

Querist : Anonymous (Querist)

21 March 2014 sir
as per income from b/s, weather we can take conveyances for deduction ??
if is yes how much can take.

CS,CA F,Numrologi TusharSampat (Expert)
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21 March 2014 yes that much amount which was necessary to incur for earning business commision income.

Querist : Anonymous

Querist : Anonymous (Querist)

21 March 2014 As per income from salary there is a conveyance limit of Rs.9600/-
like this any specified amount is mentioned for income from b/s?

CS,CA F,Numrologi TusharSampat (Expert)
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21 March 2014 for business income there is no such limit

Querist : Anonymous

Querist : Anonymous (Querist)

21 March 2014 k thank you sir.

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