Tax treatment of commission agent

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

18 June 2013 Hello users..
I am a commission agent of post office. My commission income in F.Y. 2012-13 is Rs. 500000/- on which tds @10% has been deducted.
Now i want that the whole amount of tds deducted i.e. Rs. 50000/- refunded.

My question is what can i do if i want the whole amount refunded..??????

Please solve my query as soon as possible..:)

CA Kapil Verma

CA Kapil Verma (Expert)
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18 June 2013 the whole amount will be refunded only if your gross total income is below exemption limit.

but as your income is high , you should contact a ca for get refund.

CA Kapil Verma

CA Kapil Verma (Expert)
Follow

18 June 2013 the whole amount will be refunded only if your gross total income is below exemption limit.

but as your income is high , you should contact a ca for get refund.

Querist : Anonymous

Querist : Anonymous (Querist)

18 June 2013 No sir .
my question is what treatment i can do. means may i claim any expenditure on this income or not???

CA Kapil Verma

CA Kapil Verma (Expert)
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18 June 2013 yes , if you have done expenditure to get the same taxable income.

Querist : Anonymous

Querist : Anonymous (Querist)

18 June 2013 SO MAY YOU PLEASE TELL UNDER WHAT SECTION I CAN CLAIM THESE EXPENDITURES??

CA Kapil Verma

CA Kapil Verma (Expert)
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18 June 2013 you can show your Business as commission agent and claim expenses.

refer section 30 to 44 of income tax act for the same.

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