Commission Income
This query is : Resolved
CA Nitin Wadhwani
(Querist)
30 August 2008
author : Rabindran
Posted On : 8/29/2008 6:11:47 PM
A direct marketing agent (Amway) got his commission (below 10 Lakhs) after deduction of TDS. He has not saved many bills although he has incurred considerable business expense.
Is there any percentage of Net Profit he must show so that he can get a reasonable refund without being hauled up for scriutiny
There is No Fixed Since Cases Are Selected Thru Computer Software.
There Is A Criteria For Minimum Profits in each area.
I Suggest U Not To Take Profits Below 7.50%.
Posted On : 8/29/2008 6:11:47 PM
A direct marketing agent (Amway) got his commission (below 10 Lakhs) after deduction of TDS. He has not saved many bills although he has incurred considerable business expense.
Is there any percentage of Net Profit he must show so that he can get a reasonable refund without being hauled up for scriutiny
There is No Fixed Since Cases Are Selected Thru Computer Software.
There Is A Criteria For Minimum Profits in each area.
I Suggest U Not To Take Profits Below 7.50%.
Ranjit Ahluwalia
(Expert)
30 August 2008
Refer Section 44AA
CA Nitin Wadhwani
(Querist)
02 September 2008
No Need To Read It.
Dhirajlal Rambhia
(Expert)
20 June 2023
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