Comission received
This query is : Resolved
07 December 2013
client is doing profession business.
As commission received is shown under head Income from other sources
Then does it(commission) comes in P&L a/c.
If so then the Net profit which arises in P&L a/c is shown under head Business & Profession.
As commission received is shown under head Income from other sources
Then does it(commission) comes in P&L a/c.
If so then the Net profit which arises in P&L a/c is shown under head Business & Profession.
07 December 2013
Commision is business income and therefore will be credited to profit and loss a/c.
Message likes :
1 times
09 December 2013
But commission received is shown under Income from other source
09 December 2013
Commission income is business income and taxable under head business income
.
.
so you have to show this in profit and loss only
.
.
.
.
so you have to show this in profit and loss only
.
.
Message likes :
1 times
10 December 2013
That means Commission received does not comes under Income from other sources
10 December 2013
yes, it is ..
.
.
commission income is treated as business income and taxable under
.
.
commission income is treated as business income and taxable under
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS 194-T applicability
- Tds on commission charges
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- GST ITC REVERSE
- Renovation exp. in flat by family member
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Regarding Applicability of Tax Audit u/s 44AB
- Need Professional Opinion AY 2012-13 Old Demand
- Withdrawal in cash from partners capital account by partner
- FAST-DS Scheme - Foreign Assets
- New GST registration for new place of business.
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
Quick Links
ARTICLESHIP
01 September 2026
Articles
Saini Pati Shah & Co LLP, Chartered Accountants
Mumbai
CA Foundation
View Details
09 September 2026
SENIOR AUDITOR & ACCOUNTS MANAGER
Anupam Parashar & Co.
Ghaziabad
CA Final
View Details
ARTICLESHIP
07 September 2026
CA Articles
Kothari Jain Patil & Chartered Accountants
Pune
CA Inter
View Details
ARTICLESHIP
04 September 2026
Accounts Executive
Hema Yashwanth & Associates
Chennai
B.Com
View Details
CCI
Pro
CAclubindia
