Other sources income

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51 Points Posted on 08 January 2021
Can we declare commision income(up to 5k) in other sources head?
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On 08 January 2021 at 15:07 Report
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Yes, you can generally declare commission income under the 'other sources' head, especially if the amount is relatively small, such as up to £5,000. The key is that you must be able to justify this income if required. For larger commission amounts, it's advisable to declare it as normal business income.

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Accountant
1331 Points Posted on 08 January 2021
Yes you can
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On 08 January 2021 at 15:57
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10683 Points Posted on 08 January 2021
You are free to declare whatever you can justify later on
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On 08 January 2021 at 16:28
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Accountant
1331 Points Posted on 09 January 2021
Commission income is lower you can show it under other heads but if it is higher than its better to show under normal business income
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On 09 January 2021 at 22:11

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