Facilitators Commission on Legal Gold Commodity Deal
Querist :
Anonymous
(Querist) 06 December 2009
This query is : Resolved
Respected Sirs / Madame,
What are the rules and regulations that are applicable to us when I am receiving commission for facilitating trade deal between seller and buyer for gold commodity happening outside india?
What are the formalities that I need to follow in order to bring in the commission obtained outside india into india?
As the commission given to me is already tax paid as per that country law. What kind of tax is applicable to me when I bring it into india and how best I can reduce the burden of double taxation?
This commission has to be shared with my group here in India and how should I disburse to them and what laws are applicable for doing it?
What kind of Agreement (Tripartite) should I enter into in order to smoothen the process of sharing of commission?
s.subramanian
(Expert) 02 November 2010
This involves dual taxation . Better to consult the /ca club.
