22 October 2010
Applicability to commission agents - If the commission agent does not sell the goods of his principal as his own and only charges commission for bringing two persons to holy marriage of sale and purchase, then he will not come within the ambit of section 44AB, except when his professional receipts exceed Rs. 10 lakhs - Abhay Kumar & Co. v. Union of India [1987] 164 ITR 148 (Raj.).
Querist :
Anonymous
Querist :
Anonymous
(Querist)
22 October 2010
Tour Operator earns both commission as well as profit by selling package at higher rate than cost?????