Non maintainance of books
This query is : Resolved
Dipak Gulhane
(Querist)
31 July 2012
Can any expert can share their experience that if:
1)I wish to show any commision agent commision received of Rs 50,00,000 in "If regular books of accounts not maintained" option with showing 40% as expenses.He/she have 10% TDS.
2)Will case come under scrutiny....?
3)Will AO will charge Penaly for no books...?
4)Will answer will be different if Gross commision is only Rs.10 lacks
Try to give your mobile number also....plz
Dipak Gulhane 07276993000
d4india@yahoo.in
1)I wish to show any commision agent commision received of Rs 50,00,000 in "If regular books of accounts not maintained" option with showing 40% as expenses.He/she have 10% TDS.
2)Will case come under scrutiny....?
3)Will AO will charge Penaly for no books...?
4)Will answer will be different if Gross commision is only Rs.10 lacks
Try to give your mobile number also....plz
Dipak Gulhane 07276993000
d4india@yahoo.in
CA.Sourabh Sethia
(Expert)
01 August 2012
yes penalty will be levied for not maintaining books of accounts
scrutiny will depend on the case with full facts
please clarify the following issues
1. nature of commission
2. expenses
scrutiny will depend on the case with full facts
please clarify the following issues
1. nature of commission
2. expenses
Dipak Gulhane
(Querist)
01 August 2012
Hi Saurabh,
Commision agent is having Income from chain marketing companies like Amway India, Herba life, N Mart Ltd. etc.
Expenses will mostly for meeting people to join a chain...plz provide your contact
Dipak 07276993000
Commision agent is having Income from chain marketing companies like Amway India, Herba life, N Mart Ltd. etc.
Expenses will mostly for meeting people to join a chain...plz provide your contact
Dipak 07276993000
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