Respected professionals
please tell me how the treatment will be in the following circumstances.
1. I received money in my saving account for services(courier) rendered by some one ,I paid after deducting my commission to that person . under which head it is taxable other sources or pgbp
2 .or on what amount tax is to be paid, difference or full amount credited in my account
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Commission treatment
Replies (4)
As it may not be your regular activity so you can declare the commission income under PGBP and the amount of commission (credit amount - debit amount(that you have paid))alone is required to show not the total amount credit to your account.
But commission can't be declared under 44ad
Sorry my mistake, you should shown under income from other sources if it is not your regular activity. I type wrongly PGBP instead other sources.
yeah you are correct we can't apply 44AD for commission agent .
yeah you are correct we can't apply 44AD for commission agent .
It should go to income from other sources
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