section 297
This query is : Resolved
23 July 2009
sir
Kindly let me know, whether the transaction value is brokerage charged to the client or the volume of business done by the client while getting approval from R D u/s 297 and for the exemtion limit of 5000 for th F.Y pl clarify
Kindly let me know, whether the transaction value is brokerage charged to the client or the volume of business done by the client while getting approval from R D u/s 297 and for the exemtion limit of 5000 for th F.Y pl clarify
29 July 2009
For purpose of 297, the limit of 5000 is on cost of that goods or services hence check whether in calculating the cost brokerage is also included.
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