My, Co has purchased some items against form F, and then sold these goods on profit. But my selling party has deducted TDS on commission.But i did not took any commission. So please tell me how i will get TDS Credit in Return. whether i have to show Commision as a income? or whether i should treat differnce between sale price and purchase price as commission?
Urgent query
If you take the credit of TDS you have to offer the amount of income on which tax is deducted and deposited by payer/deductor to taxation.
Regards,
yes Now i have offer income in return ..
Malhotra Rajesh & Associates
New Delhi
B.Com
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