Commission income under the which head ?
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 July 2012
I am Commission Agent of agriculture goods.
i have send agriculture goods to other (distributor, retailers etc.)i have take commission from him. i don't invest any capital for it commission. under which head income from other source or business & profession i have compute the tax lability ?
i have send agriculture goods to other (distributor, retailers etc.)i have take commission from him. i don't invest any capital for it commission. under which head income from other source or business & profession i have compute the tax lability ?
09 July 2012
It will be taxable under the head Income from Business or Profession.
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