Income tax on commission received in usd
This query is : Resolved
Ajay Jajoo
(Querist)
09 November 2012
I am getting my commission in USD from my US principal for quality check of materials he is buying from Indian Manufacturers. Is there any exemption in Income Tax for this income?
Arihanth Jain
(Expert)
10 November 2012
No. It is taxable income.
10 November 2012
Please follow Arihanth and pay your taxes as it is applicable to Resident person. No special treatment please.
contact@vkbajaj.co.in
contact@vkbajaj.co.in
Ajay Jajoo
(Querist)
10 November 2012
Thanks to both of you, I will do so.
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