R/Sir
There is a company , which is manufacturing FMCG Product in india . The company has appointed one Consignment agent in USA . The company has fixed 10% of sales made by consignment agent in usa , as the amount which will be paid to usa towards its commission , selling expenses , travelling expenses . The company does not ask for the telephone expenses , selling expenses travelling expenses that may have incurred by Consignment agent , but paid the amount within the overall limite of 10% . Will Indian Income tax A O allow the expenses of 10% as per the agreement between the company and consignment agent .
Regards
D Soni
CAclubindia
