is commission taxable on due basis or receipt basis under the head salaries
tnk u in advance
Commission under the head salaries
Replies (3)
Quick Summary
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.
Commission taxable on due basis.
On accrual basis. it's basically a reconciliation of accounts.
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