Income arising on transfer of shares
This query is : Resolved
15 June 2017
Dear Supporting members,
Please guide me how a commission income arising from transfer of shares need to be treated if the person is involved in trading of shares. Whether such commission comes under the head income from business?? if not, under which head it covers. Please provide the details of relevant section or rule under which it covers.
Thanks in advance
Please guide me how a commission income arising from transfer of shares need to be treated if the person is involved in trading of shares. Whether such commission comes under the head income from business?? if not, under which head it covers. Please provide the details of relevant section or rule under which it covers.
Thanks in advance
Amol S Joglekar
(Expert)
15 June 2017
commission business can be taxed under income from business / profession.
If the amount is small, you can tax it under income from other sources as well
If the amount is small, you can tax it under income from other sources as well
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