Income tax
This query is : Resolved
01 August 2015
Sir i am a retailer nature of business is sales and service of lpg spare parts like burner stove etc i have recd 2 Lakh as a commission from other verious jobs my question is can i show commission income in my accounts is there any tax liability on comm income please advice
01 August 2015
yes the commission income has to be shown in your accounts and it shall be added to your overall income and taxed at applicable tax rates.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- House Property Reporting in ITR
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Nomination of Bank for refund in itr 2
- Rent lease agreement
- Refund of 20%pre-deposit paid for stay application
- Relief u/s Section 89
- TDS Challan Code
- ASISSE return under the provisions of the Collection of Statistics Act, 2008 (7 of 2009)
- REGARDING SECTION 44AE
- E way bill for tractors
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
