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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Commission Income In Huf ?
Replies (4)
I think commission income cannot be earned by HUF,
Brokerage income can be earned by HUF
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.
Work can be done on behalf of HUF, so commission/brokerage income allowed
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