Dear Sir/ Madam,
Could anyone please, help with the details of TDS on sales commission , is taxable or eligible for refund.being sales commission form part of salary.
Whether TDS is refundable, more over the total emoluments are less than 300000
YOU NEED TO DECLARE THE COMMISSION INCOME IN YOUR ITR ALONG WITH OTHER INCOMES, AND ADJUST THE TDS AGAINST ANY TAX LIABILITY.
EXCESS AMOUNT CAN BE CLAIMED AS REFUND.
WHEN YOUR TAX LIABILITY IS NIL, ALL THE TAXES PAID WILL BE REFUNDABLE. CHECK THE MISTAKE IF THE COMMISSION INCOME BE NOT DECLARED; OR THE TDS COLUMN IS NOT RECTIFIED FOR ITS CLAIM.
SMJ global advisors pvt ltd
New Delhi
B.Com
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Shaswat initial support private limited
Ahmedabad
CS
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