Benefit of telescoping the commission income with the income ...

Court Rules Commission Income Must Align with Declared Tax Returns for Accommodation Entry Providers at 1% Rate.

August 10, 2021

Case Laws     Income Tax     AT

Benefit of telescoping the commission income with the income declared in the return - assessee is only an accommodation entry provider - - only estimated commission @1% on investments and sales to outside companies / parties should be considered and the same should be telescoped with the income returned by the assessee for the respective assessment years - AT

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