Tax on commission income

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Dheeraj Chopra

Dheeraj Chopra (Querist)
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27 July 2014 whether income received as commission taxable as income from other sources or business income

Nikhil Kaushik

Nikhil Kaushik (Expert)
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27 July 2014 business income......................

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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27 July 2014 Taxable under the head Profits and gains of business or profession. ITR4 needs to be filed.

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SAJEEV

SAJEEV (Expert)
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27 July 2014 If your profession is bringing commission it is to be treated as business income.If your revenue is other than commission it is to be shown as income from other source

SAJEEV

SAJEEV (Expert)
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27 July 2014 If your profession is bringing commission it is to be treated as business income.If your revenue is other than commission it is to be shown as income from other source