https://www.taxtmi.com/caselaws?id=797364 Commission receipts cannot be offered under the presumptive taxation scheme unless the activity qualifies as a profession specified for that scheme. Where commission income is assessed as income from other sources, only the net amount is taxable after deduction of reasonable expenditure incurred to earn it; the expenditure claim requires verification of its quantum and supporting evidence. Cash gifts received from a sister fall within the exclusion for gifts from a relative where the relationship and receipt are supported by confirmation, tax identification details and bank records. Accordingly, presumptive treatment remains unavailable, the sibling gift is excluded from taxable income, and commission income must be recomputed after verifying allowable expenditure. en-us Mon, 02 Feb 2026 00:00:00 +0530 Fri, 21 Aug 2026 08:28:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797364 Commission receipts cannot be offered under the presumptive taxation scheme unless the activity qualifies as a profession specified for that scheme. Where commission income is assessed as income from other sources, only the net amount is taxable after deduction of reasonable expenditure incurred to earn it; the expenditure claim requires verification of its quantum and supporting evidence. Cash gifts received from a sister fall within the exclusion for gifts from a relative where the relationship and receipt are supported by confirmation, tax identification details and bank records. Accordingly, presumptive treatment remains unavailable, the sibling gift is excluded from taxable income, and commission income must be recomputed after verifying allowable expenditure. Case-Laws Income Tax Mon, 02 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797364