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The nature of the taxable income???

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(Querist)
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...
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
19 July 2015 Taxable under the head Profits and Gains of Business or Profession.
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Sridip Kumar Shaw

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Sridip Kumar Shaw (Querist)
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.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
19 July 2015 this will come under business.....
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