https://www.taxtmi.com/article/detailed?id=3110 Allowability of commission payments depends on commercial purpose, documented agent engagement, and internal controls; where agents procure orders, information or expedite payments, a written agreement together with account payee cheques, ledger entries and supporting correspondence will ordinarily prove genuineness. Proper verification, consistent accounting method and contemporaneous records strengthen deductibility and meet the evidentiary expectations of tax authorities absent proof of fabrication. en-us Fri, 19 Apr 2013 07:55:01 +0530 Fri, 19 Apr 2013 07:55:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=3110 Allowability of commission payments depends on commercial purpose, documented agent engagement, and internal controls; where agents procure orders, information or expedite payments, a written agreement together with account payee cheques, ledger entries and supporting correspondence will ordinarily prove genuineness. Proper verification, consistent accounting method and contemporaneous records strengthen deductibility and meet the evidentiary expectations of tax authorities absent proof of fabrication. Articles Income Tax Fri, 19 Apr 2013 07:55:01 +0530 https://www.taxtmi.com/article/detailed?id=3110