Reg. Business Expenses for Insurance Commission...
This query is : Resolved
21 June 2020
Dear All,
Could you please let me know how much % of the commission can be claimed as expenses & also if we need to maintain the bills as proof for all the expenses incurred. Practically it is not possible to maintain receipts for every thing. Also are cash expenses allowed as in many cases we will have to pay by cash only...
Could you please let me know how much % of the commission can be claimed as expenses & also if we need to maintain the bills as proof for all the expenses incurred. Practically it is not possible to maintain receipts for every thing. Also are cash expenses allowed as in many cases we will have to pay by cash only...
22 June 2020
You should pay a reasonable rate of commission after deducting TDS based on the facts and circumstances of the case.
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