Commission Income- Head of Income
Kishore Nuthalapati (Accountant for multiple small entities) (171 Points)
04 July 2024We are filing Income tax return of an assessee
in this there is a Income of Rs. 9.5 lacs
Tds is deducted under 194 H (2%)
in AIS it is captured as Business receipts
Can I mention this Income under Income from other sources or under the head Business or profession (with a p&l account)
Please advise
Thanks