24 September 2009
one of my client has following income. 1. income from salary Rs.121000 2. income of commission from LIC 97443 3. income from salary as partner ( credited in his capital account as partner.) 4. Share of profit from partnership Rs. 30030/-
I want to know that how income ( both from salary and share of profit from partnership ) is to be shown in computation of income. whether it is income from other source or business income. Please reply. Thanks
CAclubindia
