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Querist : Anonymous

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Querist : Anonymous (Querist)
31 July 2013 Dear Sir,
A LPG dealer whose business in a rural area and turnover is about 45 lacs. Whether he can opt section 44AD ?
or
He can't opt 44ad, as his business is in the nature of commission.

Please clarify.
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CA UMESH DULAL

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CA UMESH DULAL (Expert)
31 July 2013 No, as his business is agency business
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Querist : Anonymous

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Querist : Anonymous (Querist)
31 July 2013 However LPG dealers receive their commission from customer, not from their agency.
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CA UMESH DULAL

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CA UMESH DULAL (Expert)
01 August 2013 Dealers gets the LPG and discounted price and sells it in full price.

either way it is a agency business so 44AD not applicable to you.
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