Huf can shows income from commission
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 September 2012
PL CLERIFY HUF CAN SHOWS INCOME FROM COMMISSION IF YES WHAT PRECAUTIONS SHOULD BE TAKEN
27 December 2012
Certain commercial activties are of such
nature which requires personal skill and
knowledge for E.g. Doctor, Broker,Commission Agent etc.HUF itself is
non human entity, hence it cannot carry on
above-mentioned activity, so normally it
is not advisable to show commission income
in HUF. You may show trading.
Certain commercial activties are of such
nature which requires personal skill and
knowledge for E.g. Doctor, Broker,Commission Agent etc.HUF itself is
non human entity, hence it cannot carry on
above-mentioned activity, so normally it
is not advisable to show commission income
in HUF. You may show trading.
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