19 July 2015
Suppose Mr. A a Share Broker has earned Rs. 120000/- from share trading as a brokerage and commission then what should be the Nature of this income whether it should be treated as either income from business/ profession or income from other sources??? plz help...
19 July 2015
shall it be treated as business income or profession ? Because the CBDT notified the income from legal , engineering , accountancy , interior decoration etc. comes under the head profession as per U/S 44AA of Income tax act.
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