Partnership firm earning commission income

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

04 March 2018 Can any one tell me how to treat commission income for income tax purpose?

Bhaskaran Chackrapani Warrier (Expert)
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04 March 2018 Commission income will be treated as business income and all the provisions of
section 28 To 44 applies.

Querist : Anonymous

Querist : Anonymous (Querist)

05 March 2018 Whether tax audit is applicable ?

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