Form 61a

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

20 May 2017 Dear sir,
company received cash behalf of another entity or person exceed Rs 2000000. hold only commission some percentage this cash received fixed by this entity balance transfer to this entity. can file form 61A if yes than what money disclosed this form.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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22 May 2017 Depends on how you are accounting your incomes. If the gross payments and receipts are routed through main books of the entity, then yes, disclosure should happen on the gross amounts.