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section 44ad for commission business

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(Querist)
28 July 2017 Hello sir greetings!. want to know that a person engaged in business of property renting or sale purchase. can he opt section 44 ad and show his business income @ 8 percent.
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RAJA P M

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RAJA P M (Expert)
29 July 2017 Yes...........
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
18 October 2021 No. Brokerage income is not to be declared under sec. 44AD...




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