Commission Income- Head of Income

Kishore Nuthalapati (Accountant for multiple small entities)   (171 Points)

04 July 2024  
Hi sir

We 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