TMI BlogTreatment to commission income - commission income earned by the assessee is chargeable to tax under the...Treatment to commission income - commission income earned by the assessee is chargeable to tax under the head of "Profits and gains of the business" only. As business, income it specifically falls under the specific heads of income as provided under section 14 of the Income-tax Act it cannot be taxed under the residuary head of income - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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