Tax treatment of commission agent


This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
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..:)

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.

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.

Avatar

Querist : Anonymous

Profile Image
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???

18 June 2013 yes , if you have done expenditure to get the same taxable income.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
18 June 2013 SO MAY YOU PLEASE TELL UNDER WHAT SECTION I CAN CLAIM THESE EXPENDITURES??

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.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
29 August 2026
Chartered Accountant

Velionit Consulting PVT LTd

Mumbai

CA

View Details
Company
ARTICLESHIP 01 September 2026
Article Assistant

SGNG & Associates

New Delhi

CA Inter

View Details
Company
Featured 21 September 2026
Consultant - Reporting

Finrep Advisors LLP

Mumbai

CA

View Details
Company
09 September 2026
SENIOR AUDITOR & ACCOUNTS MANAGER

Anupam Parashar & Co.

Ghaziabad

CA Final

View Details
Company
08 September 2026
Audit Executive

Thammana & Associates

Srikakulam

B.Com

View Details
Company
17 September 2026
Chartered Accountant

Dass Gupta & Associates

Gurgaon

CA

View Details
Company
28 August 2026
Assistant Manager

NRS AND ASSOCIATES

Kozhikode

CA Inter

View Details
Company
16 September 2026
Internal Audit - Team Lead

Consulting & Beyond

Chennai

CA

View Details