Agency commission
This query is : Resolved
06 October 2013
sir, does income from agency commission goes under income from business or income from other sources?
06 October 2013
As per the Tax audit guidelines issued by the ICAI Commission agents are categorised as Business income. However it will depending on the other heads of your income also.
If your main sources of income is agency commission then it must be income from Business, in case it is your side source then income from Other sources.
OM SAI SRI SAI JAI JAI SAI
If your main sources of income is agency commission then it must be income from Business, in case it is your side source then income from Other sources.
OM SAI SRI SAI JAI JAI SAI
06 October 2013
If such commission is from Business. it will be treated as Business Income,
Or Else, Income from other source...
regards,
Or Else, Income from other source...
regards,
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