19 June 2015
Dear Sir, My client doing a small scale business. Side by side he is working as a business facilitator for a bank and get commission, incentive, etc from bank. I want to know that which income head will consider the type of income of business facilitator. Thanks
19 June 2015
It is better to show the commission income received by way of Business Facilitator under Business Income head, so that the expenses incurred for providing the services can be adjusted against the income. And there is a scope of Tax Planning.
CAclubindia
