Commission received in foreign exchange
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 February 2016
we are in business of Aluminium window.
one of our customer want to import material aluminium section directly from China. Die cost of said aluminium section paid by us in 2008. supplier is ready to pay us commission on total material value directly to us in our bank account in foreign currency. Does this commission income comes service tax and what about the income tax. Is this commission income is taxable in India. Please clrify.
one of our customer want to import material aluminium section directly from China. Die cost of said aluminium section paid by us in 2008. supplier is ready to pay us commission on total material value directly to us in our bank account in foreign currency. Does this commission income comes service tax and what about the income tax. Is this commission income is taxable in India. Please clrify.
Guest
Guest
(Expert)
06 February 2016
Please clarify - who pays commission? Which country is the payer? Why should he pay commission when you had paid for die cost ?
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