Commission business

31 May 2023

sir hamara ek client jiska business commission ka hai. a ek mediator ki tarah hai. mager jo bhi paisa aata hai isi ke account pe aata hai mager asal me a amount iska nahi hai sirf commission leker baki ka amount a wapas partiyon ko Return kar deta hai. ab hum iska file konse ITR ME karen batayiye turnover 2 crore se zyada hota hai

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6 Replies

vc ki vines (44 Points)
Replied 31 May 2023

I have same kind of client, consider commission income as a gross receipt.

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alim dada (115 Points)
Replied 31 May 2023

Thank u sir. aapka matlab hai sirf commission le. total receipts na le. ek doubt hai sir jo amount Bank me credit hota hai usko kaise dikhaye sir jisse agey jaker koi pareshani NA Ho ( jo 2 crore se zyada ka hai.)

sabyasachi mukherjee (21493 Points)
Replied 01 June 2023

Commission income is also are taxable subject to a threshold limit.

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veerendar singh (tax consultant) (3301 Points)
Replied 01 June 2023

Jo amounts bank me aaye he unko aap liability show kijiye.
sirf commission ka amount ko income dikhayiye.

liability chahe kitne bhi crores ka ho, apko sirf aapka commission income ka amount ko dekhna he

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