TAX TREATMENT OF MPKBY SCHEME
Soumen Manna (12 Points)
16 July 2022
Mahila Pradhan Mantri Kshetriya Bachat Yojana scheme accounting and tax calculation.
Soumen Manna (12 Points)
16 July 2022
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(170798 Points)
Replied 16 July 2022
The commission received is taxable.
For commission upto Rs. 60,000/- no books are required to be maintained, ad hoc 50% given as standard deduction.
For any amount more than 60K, books are required to be maintained.
For more details refer: https://www.nsiindia.gov.in/InternalPage.aspx?Id_Pk=173
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
CAclubindia
