Income from sales commission
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 April 2014
Dear concern,
my income from commission is Rs. 4,67,270/- in FY. 13-14, TDS deducted by Deducter is Rs. 46,727/-, how much expenses is allowable.
Please Help.
my income from commission is Rs. 4,67,270/- in FY. 13-14, TDS deducted by Deducter is Rs. 46,727/-, how much expenses is allowable.
Please Help.
Dintakurthi Tirumala
(Expert)
17 April 2014
It depending on the nature of dealings of you. However any amount of expenditure shall allow by the IT department if you have appropriate and reliable evidence/proof to incurred such expenditure and that is reasonable to get such income/commission.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
Rupesh Jain
(Expert)
17 April 2014
EXPENSE MAKE BY YOU TO EARN THIS COMMISSION .
AND PROOF OF EXP. ALSO REQUIRED FOR THAT
AND PROOF OF EXP. ALSO REQUIRED FOR THAT
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