Mahender Singh (STUDENT) (147 Points)
18 September 2021
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178226 Points)
Replied 18 September 2021
As such all the expenses incurred to earn the income are deductible. Check TDS liability also.
In this case, when the payments are made on regularly basis, the same may be considered under Salary head.
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 19 September 2021
Mahender Singh
(STUDENT)
(147 Points)
Replied 19 September 2021
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178226 Points)
Replied 19 September 2021
Post agent kind divert his income to other person. It his liability to pay tax over the total commission income, less any expenditure, which he gets. As he pays some regular amount to his assistant, it can be deducted in proper head, be it salary or commission. or fees; whatever you name it. The same heads are available in ITR under 'Schedule P&L'
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178226 Points)
Replied 19 September 2021
Post agent can't divert his income to other person. It his liability to pay tax over the total commission income, less any expenditure, which he gets. As he pays some regular amount to his assistant, it can be deducted in proper head, be it salary or commission. or fees; whatever you name it.
All these heads are available in ITR under 'Schedule P&L'
Mahender Singh
(STUDENT)
(147 Points)
Replied 26 December 2021
CAclubindia
