Menu
Bank interest greater than commission
I am a commission agent since 2 yrs I am paying Bank od interest greater than my commission.. and showing loss in income tax... will I get a notice for it
Replies (4)
Department can ask that y are you piling up loss from 2 years every month.
OD interest is for what purpose ? it may not be allowed.
od is for businesses reason we are like agents we sell farmers good to traders and take 2 percent commission.. traders make the payment delay so we make payment to farmers by OD
Still it may not be a convincing argument for business loss
Recent Threads
- Time allowed to buy another asset
- ITR not processed for the FY 2024-25
- Gift of money to my wife.
- Tax Audit If you show Loss
- GST Tax invoice Value Rs..234000
- Can I claim benefit under 54F if I sell my equity
- Income tax refund 25/26
- Who is responsible for paying GST Liability (If th
- Excess Payment on RCM
- AOC4 auto population of previous year data
Related Threads
CAclubindia
