Dear All, I have received comission from the foreign company in the US dollar. I have got the comission in the month of july 2011. i have tried to solve this matter from my CA but it seems he is not capable of solving it. I have question of showing this in balance sheet as comission received. but the next thing is do i need to pay income tax on this comission or need to pay TDS for the same or service tax. now my balance sheet is waiting to be finalise as my company is private limited company doing import export. The services rendered to the foreign company is for sales happen outside of india and no sales or any deal is performed in india.
Please help me regarding the same as if i cnt finaliuse the balance sheet now then i cant finalise this years as well.
CAclubindia
