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<h1>Rajasthan HC: Brokerage income classified as business, not professional income.</h1> The Rajasthan HC ruled that income from brokerage should be considered as business income, not professional income, as special qualifications or education ... Income Tax Act, Question Of Law The Rajasthan High Court ruled that income from brokerage should be considered as business income, not professional income. The court found that special qualifications or education are required for income to be classified as professional. The decision was in favor of the Department and against the assessee.
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