COMMISSION ON NET WORK BUSINESS

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VIJAY KUMAR SHARDA (Querist)
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07 August 2010 MY CLIENT HAS RECEIVED COMMISSION ON RCM NET WORK BUSINESS. IS IT TAXABLE UNDER THE HEAD INCOME FROM BUSINESS OR INCOME FROM OTHER SOURCES. CAN WE DEDUCT EXPENSES TOWARDS INTERNET CHARGES, TELEPHONE BILLS AND OTHER MAINTENANCE CHARGES FROM SAID COMMISSION. IF THE SAID INCOME IS TAXABLE UNDER INCOME FROM OTHER SOURCES WHICH ITR FORM SHALL WE USE i.e., SARAL II OR ITR II PLEASE ANSWER

VIJAY KUMAR SHARDA

VIJAY KUMAR SHARDA (Querist)
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01 September 2010 PLEASE ANSWER THIS QUERY OF COMMISSION ON NET WORK BUSINESS

VIJAY KUMAR SHARDA

VIJAY KUMAR SHARDA (Querist)
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01 September 2010 MY CLIENT RECEIVED COMMISSION ON RCM NET WORK BUSINESS. IS IT TAXABLE UNDER THE INCOME FROM BUSINESS OR INOME FROM OTHER SOURCES? CAN WE DEDUCT EXPENSES LIKE INTERNET CHARGES, TELEPHONE CHARGES AND OTHER MAINTAINANCE CHARGES FROM THE SAID COMMISSION. IF SAID INCOME IS TAXABLE UNDER THE INCOME FROM OTHER SOURCES WHICH FORM SHALL WE USE? SARL II OR ITR II