44ad
This query is : Resolved
28 September 2013
if a commission agent having turnover less than 1 crore & declaring profit less than 8% .is he liable for tax audit...kindly suggest in lights of section 44ab & 44ad...
29 September 2013
commission agents are not covered under 44AD.
29 September 2013
He shall have to follow 44Ab. Since his turnover is less than 1 Cr, audit wont apply.
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