Can a HUF receive Commission income. Kindly clarify.
Commission Income
C ChiranjeeviRaj
HUF Authorized to Receive Commission Income as Legitimate Business Earnings Under Taxation Guidelines A Hindu Undivided Family (HUF) can legally receive commission income as it is considered a form of business income. The forum response confirms that HUFs are eligible to earn commissions as part of their income sources, treating such earnings within the standard business income taxation framework. (AI Summary)
TaxTMI
TaxTMI