Head of income
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 March 2017
A proprietor already having a stationery business received in FY 15-16 a commission income as a side job for the first time as a advertising agent of less than 60,000 on which TDS is also deducted by media channel to whom business is provided.
Is it a business income or income from other sources for proprietor and also separate income and expenditure account is required to prepared?
Is it a business income or income from other sources for proprietor and also separate income and expenditure account is required to prepared?
CA Shubhanshu Jain
(Expert)
15 March 2017
As you have mentioned that proprietor has stationery business, So, commission received from media channel is taxable under income from other sources.
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