Tax on commission earned in euro
Sir I am liasoning investment for construction firm located in China and Investment is from Europe. So upon executing the said transaction the Chinese firm will pay me my commssion to my Indian firm. So please advise whether the said transaction attracts either service or income tax.
Please advice.
Replies (2)
Your commission income is liable to tax in india. You have to pay income tax on your income. You are laible to service tax the amount you received is treated as cum tax receipt and you need to pay to government.
Thanks for kind reply can you please let me know the % (Percentage) to be paid to ( INCOME TAX & SERVICE TAX)
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