Auto Consult Income

This query is : Resolved 

17 June 2024 Respected Sir

Auto Consult Income ( Purchase and Sale of old Vehical)

First question is auto Consult Income is business income or not
Can I show this income under ifos??

Second question is if it's only declare under business then what amount should be show , it's only commission income or sales income ??

17 June 2024 Auto consult income is Business income.
Depends upon your way of transactions. If you receive only commission in that case declare it as only commission income, otherwise sale & purchase of commodity.

30 August 2024 Good luck.


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