18 March 2014
Person has income of Rs. 2,50,000.from travelling commission. he give client to ohers. other give vehicle on rent .what to consider this income as commission? and shown as business income of commission?
18 March 2014
Yes this is business income as the person is regularly giving various clients to the travel agent and he is earning commission out of it. He can claim his expenses connected with giving clients like telephone, conveyance etc.
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