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income from commission & brokerage
in which head this commission & brokerage to be considered while calculating taxable income for AY 2018-19
Replies (4)
PGBP
thank you
regards
Nithin Sunny
regards
Nithin Sunny
its to be shown under the head PGBP
If the income from brokerage is one time and/or casual in nature (some time it may be there and some time it may not be there) then it needs to be considered as income from other sources
However, if the income from brokerage is going to be substantial, every year and year after year, then such income shall fall under income from business and Profession
However, if the income from brokerage is going to be substantial, every year and year after year, then such income shall fall under income from business and Profession
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