EASYOFFICE
EASYOFFICE
EASYOFFICE

Head of income???

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
31 January 2015 one of the branches of professional couriers is taken over by Mr.X..

for every courier cover he gets 40 rs out of which 5 rs is sent to head office and remaining 35 rs will be income of Mr.X.
the branch maintainance will be done by X only..

please tell the income of 35 rs will be shown under which head??
is it treated as sales or commission or salary???
Profile Image

CMA. CS. Sanjay Gupta

Profile Image

CMA. CS. Sanjay Gupta (Expert)
31 January 2015 It is business income. Taxable under the head PGBP.
Profile Image

Rupesh Jain

Profile Image

Rupesh Jain (Expert)
31 January 2015 under the income of business income.
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

K Srinivas, CMA CS

Profile Image

K Srinivas, CMA CS (Expert)
31 January 2015 Obviously, its not a salary since he has to bear all expenses. The revenue is taxable as business income

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


EasyOFFICE CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links