I will received a handsum amount as commission/brokarage from a real estate dealer. I want that money in my account. is there any porblem to deposit the amount in my bank account ..the dealer said he will give all valid paper.
Please advice..
2 Replies
CA Hardik Bunha
(self)
(2121 Points)
Replied 03 December 2011
Yes You can do it. Show it in income from other source.
@*CS Siddharth Bumb. *
(B.Com, CA Final, CS )
(5270 Points)
Replied 04 December 2011
yes you can deposit your money in bank....
income received from commission / brokerage will come under PGBP and not under other source....
Recent Topics
- Master File Documentation related
- Applicability of 44AD needs clarification
- ITC reversal in GST 3B
- Claim if ITC on stocks 19-2020 conversion from com
- Urgent doubt on GST
- Profit or Loss on Sale of Assets Accounting treatm
- Clarification on RCM on Rent Payment for QRMP Deal
- Reclaimed itc in gstr9
- Gamification in Accounting Software: Boosting Enga
- I want to knw Hsn code and gst rate of resin produ
Related Threads
CAclubindia
