foreign agent commission

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..... foreign agent commission
Query (Issue) Started By: - satbir singh wahi Dated:- 20-12-2012 Last Reply Date:- 21-12-2012 Income Tax
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Income Tax
Assessee has paid foreign agent .....

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..... commission , and has submitted shipping bill copy which reflects commisssion amount, bank TT copy of payment & invoice of the agent . The A.O. wants to disallow this foregn commission saying nature of .....

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..... services not proved. Whether the evidence given of TT, SB & inv. not sufficient. Any views ? Reply By Pradeep Khatri: The Reply: As per the master circular of the RBI, the commission up-to 12.50% o .....

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..... f the FOB value of the exported goods are allowed. Please provide me your e-mail id, so that I could share it with you. Futher, please tell me whether the amount of commission had been mentioned on .....

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..... the S/B or Not? As this the pre-condition to allow the commission on export consignment by the RBI as well as by the FEMA. Reply By satbir singh wahi: The Reply: Thank you , Pradeep Ji . My email I .....

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..... d [email protected] mobile 09814331105 The commission is declared is declared shipping bill .But A.O. is adamant to disallow it.
Discussion Forum - Knowledge Sharing .....

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