Brokerage income head

ITR 2085 views 8 replies

If brokerage income is earned by a sub broker from trading of shares 
such income should be taxed to the sub broker under which head

business income or income from other sources ?

his main income is income from salary

and no business income

and many other other sources income

like

income from teaching at college and classes, interest, dividend etc

 

Replies (8)
I think it is income from other source
Business income as sub broker's main profession is business only.
Agree with Rajeshwari Kumar.
Business income as his main source of is brokerage.if his main business is other than sub broker and income is more in other business.then he can treat it as other income
Business Income..
Its business income . Mr kanan its Rajesh Kumar & not Rajeshwari kumar
It's Business Income
Sub broking is part of business activity for which he is employed so it comes under business income cases n nt other sources as activity of sub broking is not a extra activities from which he is getting his income


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