Poonawalla fincorps
Poonawalla fincorps

intimation u/s 143(1)

This query is : Resolved 
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(Querist)
28 April 2018 let's say I am a mutual fund distributor, so whatever commission earned by my firm will be considered as business income.but the AO has considered the same as IFOS. What should I do in this situation?
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
28 April 2018 you can ask him to rectify the order by making relevant submissions to demonstrate that mutual distribution is your business activity.

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