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Waseem Syed (Advocate ) (272 Points)

15 September 2020

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?

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5 Replies

sabyasachi mukherjee (27746 Points)
Replied 15 September 2020

This commission is received from prescribing medicines
hence that should be shown as income from other sources.

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Waseem Syed (Advocate ) (272 Points)
Replied 15 September 2020

Total amount or balance amount after deducting TDS?

CA Raj Doshi (Practising CA) (8944 Points)
Replied 15 September 2020

Please show it as sale of services only under Profits/Gains from Business/ Profession. Rs
50000 to be shown.

damodar sarda (CA Practice ) (184 Points)
Replied 15 September 2020

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.

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