Commission Income

[C ChiranjeeviRaj]

Can a HUF receive Commission income. Kindly clarify.

[KALLESHAMURTHY MURTHY K.N.]

Sir, 

Yes. A  HUF can have a commission income since the commission is a business income.

AI Summary

HUF commission income can be treated as business income, allowing a Hindu Undivided Family to receive and report commissions. A Hindu Undivided Family (HUF) can receive commission income because commission receipts qualify as business income and thus form part of the HUF's business receipts for income tax purposes.