TaxTMI 
TaxTMI 
foreign agent commission
X X X X Extracts X X X X
X X X X Extracts X X X X
....oreign agent commission<br> Query (Issue) Started By: - satbir singh wahi Dated:- 20-12-2012 Last Reply Date:- 21-12-2012 Income Tax<br>Got 2 Replies<br>Income Tax<br>Assessee has paid foreign agent c....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ommission , 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 ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....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% of....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... 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 t....
X X X X Extracts X X X X
X X X X Extracts X X X X
....he 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 Id....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... [email protected] mobile 09814331105 The commission is declared is declared shipping bill .But A.O. is adamant to disallow it.<br> Discussion Forum - Knowledge Sharing ....