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Commission Income In Huf ?

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5 Points Posted on 05 August 2021
Wheather Commission or brokerage Income is allowed to take in Huf?
Is there any rules or provision regarding that? if yes please provide explanation.
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On 05 August 2021 at 13:45 Report
Replies (4)
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9 Points Posted on 05 August 2021
I think commission income cannot be earned by HUF,
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On 05 August 2021 at 14:00
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Chartered Accountant
24588 Points Posted on 05 August 2021
Brokerage income can be earned by HUF
129 Reply
On 05 August 2021 at 14:05
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2742 Points Posted on 05 August 2021
Not At all advisable as most chances of clubbing in personal ITR and you yourself said work is done by middle man ...means Individual and not HUF.
9 Reply
On 05 August 2021 at 14:37
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299 Points Posted on 06 August 2021
Work can be done on behalf of HUF, so commission/brokerage income allowed
1 Reply
On 06 August 2021 at 10:09


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