Commission from outside india

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Ashish (Querist)
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18 October 2013 I m business man I am received a commission from foreign party for sales in local market but not involved in any direct transition. I only meet two party and they deal independent. Foreign party give commission wia credit in my account around 5000$ how can I show it in my return I have not any document evidence of such commission nor any agreement.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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18 October 2013 You should in return provide them an acknowledgement of commision amount for you providing them service as an agent.

You also should deduct TDS u/s 195.

@VaibhavJ

@VaibhavJ (Expert)
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18 October 2013 Yes agree with Tusharji.

If foreign party doesnt have PE in india, you will be reuired to deposit TDS.

Thanks

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