Commission income

This query is : Resolved

ullas vijayvargeeya (Querist)
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10 August 2013 Respected expert,
My query is totally related to commission income.My queries are :-
1.In which head the commission income will be taxed.
2.In what circumstances commission income is taxed under the head "income from other sources."
3.May a assessee can take it
under the head P G B P.
4.can an assessing officer disallow the income charged under the head PGBP and charged under the head income from other sources,what will be our submission regarding it.
thanks

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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10 August 2013 Since your query is totally related to commission income other aspects will not be considered and replies to your queries are :-
1.In which head the commission income will be taxed.
.
-P G B P
.
2.In what circumstances commission income is taxed under the head "income from other sources.
-Where due to Service Agreement the assessee can not run any business.

" 3.May a assessee can take it under the head P G B P.
- Yes
4.can an assessing officer disallow the income charged under the head PGBP and charged under the head income from other sources-
- He will not do needless exercise.
.

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