Auto Consult Income

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memon javed (Querist)
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17 June 2024 Respected Sir

Auto Consult Income ( Purchase and Sale of old Vehical)

First question is auto Consult Income is business income or not
Can I show this income under ifos??

Second question is if it's only declare under business then what amount should be show , it's only commission income or sales income ??

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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17 June 2024 Auto consult income is Business income.
Depends upon your way of transactions. If you receive only commission in that case declare it as only commission income, otherwise sale & purchase of commodity.

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