Commission - 194h

Querist : Anonymous (Querist) 06 September 2011 This query is : Resolved
Dear Sirs,

I did a business of 80 lakhs and got commission of 8 lac from the company and TDS deducted by the company was Rs.80,000/-.
Out of my commission, I pay 50% to sub-agents.

Shall I liable to submit IT under sec. 44AB or self assessment by declaring only commission.

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Sailesh Kumar Shah (Expert) 06 September 2011
its totally upto your choice.

Dr Anil Kumar Singh (Expert) 06 September 2011
Its not compulsory. Expert is right.

Raj Kumar Makkad (Expert) 06 September 2011
You should show commission being diverted to your sub-agents and TDS is required to be deducted by you out of that payment.

prabhakar singh (Expert) 06 September 2011
Expert : raj kumar makkad has solved your problem,they paid you and deducted,now you pay and deduct.

Querist : Anonymous (Querist) 07 September 2011
dear sirs,
the question is about 44AB or self assessment

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