19 June 2015
Please help me My client book of account are audit under section 44 AB. He paid commission to individual person after deducting tds @ 10% on commission Rs.52000.00 . He Had paid commission as cash on different days
Date of Payment Amount TDS Balance Paid 25/10/2014 Rs.15000 Rs.1500 13500.00 05/11/2014 Rs.18000 Rs.1800 16200.00 10/11/2014 Rs.19000 Rs.1900 17100.00
Balance paid has been paid as cash
Please tell me whether commission paid as cash is allowed as expenditure while calculating income from business and profession