Commission income
This query is : Resolved
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(Querist)
09 February 2019
I am commission agent.
My client deducts Tds of 5000 and makes provision of commission of Rs.100000 for
FY 17-18.
I filed ITR and showed income of Rs.100000/-
But now the commission is finalized at Rs.80000/-
Then what should I do as I have already paid tax on extra 20000??
My client deducts Tds of 5000 and makes provision of commission of Rs.100000 for
FY 17-18.
I filed ITR and showed income of Rs.100000/-
But now the commission is finalized at Rs.80000/-
Then what should I do as I have already paid tax on extra 20000??
Amol S Joglekar
(Expert)
10 February 2019
you adjust the same in next year
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