income from commission & brokerage

Others 251 views 1 replies
Along with contract receipt and professional fees, a person gets income from commission & brokerage, how much expense is allowable from commission income , if he does not go for tax audit ? he cannot opt for presumptive taxation and does not want to go for audit
Replies (1)

Section 194H is for income tax deducted on any income by way of commission or brokerage, by any person responsible for paying to a resident. Individuals and Hindu Undivided Family who were covered under section 44AB are also required to deduct TDS


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