My uncle earned a commission income of ₹17,00,000 (with TDS deducted under Section 194H). I advised him that he could claim some expenses from his earnings, but he hasn't maintained proper documentation for any of his expenses. Is showing 75-80% profit in this case reasonable and avoid issues? Please advise
2 Replies
Jayasurya B
(86 Points)
Replied 24 June 2025
Since Natute of the Income is a Commission and TDS Deducted under section 194H, Can you mention the exact nature of business in which commission earned ?, it will help us to provide more accurate advises.
SUSHANT BIDAYE
(655 Points)
Replied 24 June 2025
Prima facie, 70 to 80% profit in commission income is good enough margin to justify for tax purposes
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