Abhishek (Senior Audit Manager) (29 Points)
29 September 2012My, Co has purchased some items against form F, and then sold these goods on profit. But my selling party has deducted TDS on commission.But i did not took any commission. So please tell me how i will get TDS Credit in Return. whether i have to show Commision as a income? or whether i should treat differnce between sale price and purchase price as commission?
Urgent query
Dipjyoti Majumdar
(CA in service & CS. dipmaj@ rediffmail.com )
(3468 Points)
Replied 29 September 2012
If you take the credit of TDS you have to offer the amount of income on which tax is deducted and deposited by payer/deductor to taxation.
Regards,
Abhishek
(Senior Audit Manager)
(29 Points)
Replied 30 September 2012
yes Now i have offer income in return ..
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