The nature of the taxable income???
This query is : Resolved
19 July 2015
Suppose Mr. A a Share Broker has earned Rs. 120000/- from share trading as a brokerage and commission then what should be the Nature of this income whether it should be treated as either income from business/ profession or income from other sources??? plz help...
19 July 2015
Taxable under the head Profits and Gains of Business or Profession.
Message likes :
1 times
19 July 2015
shall it be treated as business income or profession ? Because the CBDT notified the income from legal , engineering , accountancy , interior decoration etc. comes under the head profession as per U/S 44AA of Income tax act.
19 July 2015
this will come under business.....
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting our of sec 44AD
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- LC charges in relation to Asset purchased should be Capitalised ?
- Copyright software
- Value of property in capital gain
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Regarding TDS Applicability For Director Remuneration
- Transporter Declaration form
- Multiple trade mark
- Sale Incentive booking
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
