Income under Business Profession head

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One of my client is in employment of a company . Other than salary income he has shares trading and some consultancy services income.
Can I show this income under income from business profession?
Replies (11)

Yes, it has to be declared u/h. PGBP.

No I thought since the assessee is under employment elsewhere there might come questions regarding existence of its business
As per query it will be declare under PGPB for the service income.

Salary income will salaried head...


Question from employment then he will face the problem himself in the employment...

As such shares trading income (under head PGBP) is earned by many such employees without any restriction/s.

So Sorry...

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Your gesture has not been conveyed as you have exceeded the limit of number of thanks allowed.

Read more at: https://www.caclubindia.com/forum/income-under-business-profession-head-509256.asp

" Your gesture has not been conveyed, as you have exceeded the limit of number of thanks allowed !!!"

our gesture has not been conveyed as you have exceeded the limit of number of thanks allowed.

Read more at: https://www.caclubindia.com/forum/income-under-business-profession-head-509256.asp
our gesture has not been conveyed as you have exceeded the limit of number of thanks allowed.

Read more at: https://www.caclubindia.com/forum/income-under-business-profession-head-509256.asp
Your gesture has not been conveyed as you have exceeded the limit of number of thanks allowed

Read more at: https://www.caclubindia.com/forum/income-under-business-profession-head-509256.asp
So I think problem comes in case of consultancy services and not in case of shares trading income
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  So I think problem comes in case of consultancy services and not in case of shares trading income  

As such, if the commission income can be also declared under IFOS, if amount/transactions are not much.

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