Brokerage income head

2297 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

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Related Topics :

Loading
Company
Featured 18 July 2026
CA Articleship

apricus india

Mumbai

CA Inter

View Details
Company
06 July 2026
Accountant

Agarwal Anoop and Associates

Noida

CA Final

View Details
Company
ARTICLESHIP 16 July 2026
CA Article

Pipara & Co. LLP.

Mumbai

CA Inter

View Details
Company
29 June 2026
Accountant (Finance & Compliance)

TRIEYEZ

Kolkata

CA

View Details
Company
06 July 2026
Senior Accountant

Arvindkumar Maniar & Co.

Rajkot

CA

View Details
Company
ARTICLESHIP 15 July 2026
CA Articles

Kinjal H Shah & Co.

Mumbai

CA Foundation

View Details
Company
14 July 2026
Senior Executive/ Manager

H S SHARMA AND CO

Pune

CA Final

View Details
Company
ARTICLESHIP 17 July 2026
Article Assistant and B.com pass

BANSAL YOGESH AND CO

Gautam Budh Nagar

B.Com

View Details