Hi.
Would be great if someone can help with these two queries:
1. Commission earned on bill discounting is to be treated as business or profession (For pvt ltd co)
2. Whether the above commission received will be treated as a financial income or no?
2 Replies
veerendar singh
(tax consultant)
(3306 Points)
Replied 14 September 2022
It would be either business income or an income from other source depending upon facts of the case.
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