Hello,
I'm bringing donation of Rs. 5crore for a educational trust and trust is willing to pay me 10% commission (I.e. 50lakh). This will be paid to me after TDS deduction by trust.
I want to know, is there any limit for commission earning for individual or I need any commission license for this transaction? after TDS is deducted, rest of Income tax I will pay in my annual return, right ?
Does this transaction falls in any GST law as well ?
Please guide me.
CAclubindia
