09 June 2017
A- is a Foreign seller, B is a foreign buyer, C-is our concern in india. A is sold some goods to B. and B paying the amount to C including Brokerage commission, We will pay the amount to A after deduct brokerage. How we treat the income for income tax(what type of income for P & L) . and any formalities for this foreign brokerage.
CAclubindia
