Head of income
This query is : Resolved
CA Nimesh Khandelwal
(Querist)
07 July 2012
COMMISSION FROM pnb HOUSING WILL BE TAXABLE UNDER BUSINESS/PROFESSION OR OTHER SOURCE.
09 July 2012
Normally it is taxable under the head Income from Business or Profession, but if the amount is small and the number of receipts are few, then you can show it under the head Income from Other Sources.
However, it is advisable to show under the head Income from Business.
However, it is advisable to show under the head Income from Business.
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