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HUF ITR Commission income

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CA KAMLESH INDERCHAND JAIN

CA KAMLESH INDERCHAND JAIN (Querist)
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17 August 2009 Can we show Commission income in HUF's Income Tax Return as PGBP?
its urgent

CA CS CIMA Prakash Somani

CA CS CIMA Prakash Somani (Expert)
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18 August 2009 Mostly it should be as IOS

CA.Pujah (Expert)
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18 August 2009 you can, but keep in mind the following:
1) If commission is from agency, that agency should be in the name of HUF.
2) The amount recd should be credit in HUF bank account & not transferred from your account to HUF a/c

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