Income of commission agent is taxable under which head
NIKITA ARORA (46 Points)
13 June 2019NIKITA ARORA (46 Points)
13 June 2019
Om Goyal
(445 Points)
Replied 13 June 2019
NIKITA ARORA
(46 Points)
Replied 19 June 2019
Dineshchandan
(articled assistant)
(84 Points)
Replied 19 June 2019
Mr. Goyal is referring to maintenance of books of accounts in case the turnover (i.e commission income) exceeds Rs. 2.5L. Head of Income won't change based on quantum of amount.