HUF ITR Commission income


This query is : Resolved 

17 August 2009 Can we show Commission income in HUF's Income Tax Return as PGBP?
its urgent

18 August 2009 Mostly it should be as IOS

CA.Pujah (Expert)
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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