Commission for land broker
This query is : Resolved
27 November 2021
Sir, one of my client takes Power of Attorney in his name from the land owner, He sells the land to third party-receives payment in his own bank account. Then he refund the payment so received to the actual owner by cheque. Neither any commission nor any ITDS provisions are followed in accounts. How should my client follow so that there is no any problems in Income tax.
27 November 2021
Charge commission and declare the commission income in ITR.
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