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Commission under the head salaries

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29 Points Posted on 24 January 2023
is commission taxable on due basis or receipt basis under the head salaries

tnk u in advance
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On 24 January 2023 at 09:02 Report
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GST Practitioner & Accounts
15085 Points Posted on 24 January 2023
As per section 15(a) of the income tax Act, any salary due in the privious year, is chargeable to income tax, and as per section 17 salary include commission, so commission taxable on due basis.
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On 24 January 2023 at 09:28
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194 Points Posted on 24 January 2023
Commission taxable on due basis.
1 Reply
On 24 January 2023 at 09:30
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Profession Business
28207 Points Posted on 27 January 2023
On accrual basis. it's basically a reconciliation of accounts.
44 Reply
On 27 January 2023 at 17:45


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