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I am a doctor ..I have recieved 50000 rs from medicinal company by way of commission , but they have issued cheque only 45000 stating that rs 5000 has been deducted as TDS and it will be refund when you will file return.Now in which head I have to show this commission and how?
Replies (5)
Quick Summary
This commission is received from prescribing medicines
hence that should be shown as income from other sources.
hence that should be shown as income from other sources.
Total amount or balance amount after deducting TDS?
Please show it as sale of services only under Profits/Gains from Business/ Profession. Rs
50000 to be shown.
50000 to be shown.
Also see the section under which TDS made...If under 194 J, it will be under the head business or profession. If it is under 194H, go for income from other sources.
Income from other sources
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