Nature of income
This query is : Resolved
02 January 2016
What will be the income of a person when he is tranporting gold ornaments from one place to another. And on that he receives money on the basis of fixed %age of weight of gold ornaments carried by him. What will be the nature of income and how it will be shown in his computation of income?
02 January 2016
Show it as business income and deduct expenses incurred on transportation against the income.
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