19 June 2015
Turnover from textile business Rs. 95,00,000 Commission earned Rs. 6,00,000 Total Rs.1,01,00,000
Pls clarify:
1. Can the assessee opt for Section 44AD as commission is specifically excluded in 44AD(6)? 2. Or should he get his books of accounts audited u/s 44AB ? 3. Can he opt for Section 44AD for textile business ?
CAclubindia
