Regarding brokerage income

patel m. faruk yusuf (Querist) 19 December 2012 This query is : Resolved
sir, kindly solve my query. my client have brokerage income whether it should disclose under business income under head 44ad or other sources income?

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ajay sethi (Expert) 19 December 2012
for tax queries visit CA club india .com

Raj Kumar Makkad (Expert) 20 December 2012
If your client is engaged in such business then definitely the same shall come within the head business income otherwise it shall be income from other sources.

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