Question ID :
39370
Presumptive Income Tax for Commision agent
Can a commission agent declare Income under Presumptive Tax @ 50% of commission
Posted by
Mahesh Kumar
on
Aug 27, 2019
Filed Under
DIRECT TAXES
No. it is not possible.
Posted by
CA PRADEEP C B on
Aug 27, 2019
Answer ID :
79153
Yes.
Min 8% is required.
No limit on higher side.
Posted by
Payal Agrawal on
Aug 27, 2019
Answer ID :
79157
commission agents are specifically excluded from this scheme. So they can not disclose income as per presumptive taxation scheme.
Posted by
CA. chunauti dholakia on
Aug 27, 2019