Commission income
This query is : Resolved
21 June 2015
An assessee shown his commission income accrued on purchase of goods under section 56 under the head "IFOS" for AY 2014-15. Can he Show the same income under the head "PGBP" for claiming expenditure for AY 2015-16 ? He doesn't have any documentary evidence except purchase bills for claiming expenditure...Please clarify...
22 June 2015
it has to be shown under PGBP.....
22 June 2015
its taxable under the profit & gains from business & profession
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