Friday, March 13, 2020

ITAT remanded matter to tax commission received by employee from employer as his business income

INCOME TAX : Where assessee's case was that a part of amount received by him from employer constituted commission which was liable to be taxed as business income, in view of fact that assessee had been issued Form No. 16 for salary received and Form No. 16A for commission paid and, moreover, applicable rate of TDS had been deducted, impugned order passed by AO bringing to tax entire income as 'salaries', was to be set aside and, matter was to be remanded back for disposal afresh

from www.taxmann.com Latest Case Laws https://ift.tt/2TKhaF1

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