Tds
This query is : Resolved
24 July 2014
my friend is a employee in honda ltd.
& he also working as agent in RCM (receiving commission on selling of co.products)
the company paid 17000/- as commission & deduct 1700 as TDS on there.
he make expenses on travelling, phone bill, seminar fee etc. for making customers.
can i show rs 17000/- as business income of him & deduct expenses incurred by him.
or i show it in other source income
please help me regarding this
& he also working as agent in RCM (receiving commission on selling of co.products)
the company paid 17000/- as commission & deduct 1700 as TDS on there.
he make expenses on travelling, phone bill, seminar fee etc. for making customers.
can i show rs 17000/- as business income of him & deduct expenses incurred by him.
or i show it in other source income
please help me regarding this
24 July 2014
yes, you can show as business income and deduct expenses incurred by him
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Section 194JA & JB Income which ITR Form to use
- Scrutiny and reopening of past returns
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Booth for sales promotion
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- GST ON TRAVELLING BILLS
- TDS on Rent received on redevelopment of building
- Tax on Deemed Capital Gain
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
