Consideration of Commission Income over Gross Sales: ITAT allows Full Credit Eligibility for Commission Agents [Read Order]
Considering only commission income as taxable turnover, the ITAT allows full TDS credit for commission agents based on CBDT Circular No. 452
By Kavi Priya - On November 19, 2024 4:05 pm - 2 mins read
The Visakhapatnam Bench of the Income Tax Appellate Tribunal ( ITAT ) allowed full Tax Deducted at Source ( TDS ) credit for commission agents citing CBDT Circular No. 452 which clarifies that only commission income and not gross sales proceeds should be treated as taxable turnover. Sravan Kumar Traders, the assessee is an individual…
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