application of 44AD?
This query is : Resolved
22 July 2011
my cousin is a collection agent for few banks.(two wheeler loans, car loans etc..) his total annual receipts in f.y 2010-11 is 11 lakhs. can we apply 44 AD for this case?
22 July 2011
clear he received the commission or professional fee
22 July 2011
navin ji,
he received it as follows.
9 lakhs - 194 H &
2 lakhs - 194 J
how to consider then?
he received it as follows.
9 lakhs - 194 H &
2 lakhs - 194 J
how to consider then?
22 July 2011
you can treated rs. 9 laks as business income (covered Sec. 44 AD) and Rs. 2 Laks as professional income
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