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Amit N (Proprietor)     18 June 2012

Tax on commission earned

Hello forum members,

I am from Hyderabad and in the real estate industry. I started out just 6 months ago and doing pretty well in business.

My problem is that all my commission earned comes in cash from the sellers and buyers and I have completed some big deals too. Though I am most eager to pay my taxes, yet I am sceptical if my source of funds will be questioned.

Kindly advise how to go about this issue.

Thanks



Learning

 4 Replies

ADVOCATE Prem Joshi (Advocate/ Legal Consultant)     18 June 2012

 

This is not a right platform for you; take the help of local tax consultant.

CA SANDEEP BANSAL (PARTNER)     18 June 2012

EVEN I AGREE BUT DEAR AMIT BE PREPARE SOURCE OF FUND WILL BE QUESTIONED ,,,BUT IS CAN BE REPLIED....IF U ARE EAGER TO PAY TAXES NO NEED TO WOORY 

Praveen Sharma (student)     18 June 2012

Hi, you can ask this query on www.caclubindia.com 

Have a nice day 


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