Commission either Profession or business
This query is : Resolved
D.SRINIVASULU REDDY
(Querist)
08 November 2020
My client received TDS U/s 194H of Rs. 66,34,511 from Vestige Marketing Private Limited This i have to Shown as a Business or Profession. If profession I Have to do tax Audit. If Business i will Declared 8% on Total Turnover. Please Clarify this sir
Nikhil Kaushik
(Expert)
08 November 2020
commission income is explicitly excluded from section 44AD. actual income to be offered to tax.
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