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Commission agent

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Querist : Anonymous

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Querist : Anonymous (Querist)
20 April 2016 I have started sales commission agent business as a sole proprietor. My receipts are less than 8 lacks do i still have to take registration.

Also i have bank interest income where i have submitted for 15G as i dint have any other income. Now my client have deducted TDS. do i have to file TDS return?

20 April 2016 For Service tax you have to get registered with Service tax act. Less than 10 Lacs you can file service tax return by exemption notification as NIL return
you have to considered your bank interest of deposit as your taxable income in income tax and there is no need to file tds return from your side. it a responsibility of your client not for you. you just have to claim tds credit in your income tax return.


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