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Taxable income

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07 March 2009 Sir,

I am working in a company where i was getting Rs.8000/-PM salary for the financial year 2007-08. and i earned a commision on sales on whole year of Rs. 130000.00 but he not paid me in till jan,09 and i was filled my return of Rs 135000.00 and tax paid of Rs.3006.00 (inc intrest) NOW company is giving me my commision now what to do. how should i treat this income.

Harish

08 March 2009 Dear Harish

Rs.130000 will be deemend income for the current year and it will be taxable in the current financial year

08 March 2009 If you have filed your return in time then you can revise the return or else show it as a current year income.




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