24 July 2014
my company's purchase of the computer device is 6700 and i have sold that product for rs 7700 the 1000 is the margin out of which rs 900 is commission to me.Is there any tax will be levied to me by my company?if yes at what %?
Querist :
Anonymous
Querist :
Anonymous
(Querist)
24 July 2014
My company is saying that 30% of the commission will be charged as income tax to the company.so he will deduct 30% of 900=270 from my commission is it true that the company have to pay income tax on this commission and can deduct from my commission?
CAclubindia
