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Comm and brokerage

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Querist : Anonymous

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Querist : Anonymous (Querist)
26 May 2014 Any business where core income is commission and brokerage then will it be booked in profit and loss a/c as indirect income or it will be booked in trading a/c as direct income
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Nitin Bhuta

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Nitin Bhuta (Expert)
26 May 2014 It should be booked as Direct Income as it is derived from Core Business

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