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Sec 44 ad (Income Tax)

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This query is : Resolved


( Author )
27 May 2012

 whether we can show presumptive income U/S 44AD for th AY 12-13?


CA PARAS BAFNA

( Expert )
27 May 2012

 Provisions of Section 44AD are applicable for the AY 2012-13 also. You may show presumptive income in respect of an eligible business of an eligible assessee.
.
Commission Income is not covered U/s 44AD.
.


Mukesh Goyal

( Expert )
27 May 2012

 Yes agreed with Mr Paras.

Thanks & Regards
CACS Mukesh Goyal
+91-99105-30973
MUKESHGOYAL29@GMAIL.com



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