Re: commission paid
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 May 2013
Hi,
Recently I have started commission based selling of office automation products. Individuals come to me to sell my products to clients in exchange of commission. Now the bill and cheque are in my firm's name and I pay a set commission to the individual. How can I show in tax filing that I have paid x amount as commission? Should I make a voucher and take sign of the individual on it or there is another process, pls explain. If voucher is ok then what should be mentioned on the voucher, if u could provide a template it would be very helpful. Thank you.
Recently I have started commission based selling of office automation products. Individuals come to me to sell my products to clients in exchange of commission. Now the bill and cheque are in my firm's name and I pay a set commission to the individual. How can I show in tax filing that I have paid x amount as commission? Should I make a voucher and take sign of the individual on it or there is another process, pls explain. If voucher is ok then what should be mentioned on the voucher, if u could provide a template it would be very helpful. Thank you.
21 May 2013
u have a firm then also deduct TDS on commission also.
you have show commission as business promotion EXp.
you have show commission as business promotion EXp.
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