Tax treatment of income of Sub broker

Hi,

The tax treatment is same as any other assessee.  A business an always run in individual name.  Normally a name is given to a business for recognition.   

Rosy

As you are talking about the tax treatment of Sub broker .................

I think that sub broker got the commission as his income & at the time of of receipt of commision he got the commission amount after deduction of TDS. And at the time of filing of return he shows TDS amount ih his return & calculate the tax as per his taxability & might be get refund from the TDS amount.

And now about the business OR brokership...... I think there is no need to create firm or properitorship to carry on the buisness on brokership. He can carry on the business even in the status of Individual also.....................And on the basis of  that he  got the PAN no. & submit his return accordingly..................

Hope ur doubt has been cleared....................