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How to show commission income in return
Dear
My brother have income From selling E-Stamp And another Income From Commission For insurance Claim Investigation.
E-stamp sold in year F.Y. 2015-16 is 28 lakhs in show transaction in Current A/c And income from this transaction is rs 43000.
And another Income from investigation commission is Rs 180,000 .
How to show this income in my return..
Replies (3)
So in Short can I say that Income from Selling E Stamps is ₹ 43000 and from Investigation Commission is ₹ 180000. And the total Income
for Fy 15 -16 is Rs. 223000.
Hope TDs is deducted on Both the Transactions. Kindly confirm first.
Hope TDs is deducted on Both the Transactions. Kindly confirm first.
yes sir only investigation commission received after deducted TDS. and E- stamps selling charge extra margin 1.5% on e-stamps.
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