Commision Income
This query is : Resolved
22 July 2011
It is "Income from Business and Profession" and should be shown accordingly.
You need to make Income and Expenditure Account for the purpose of this.
You need to make Income and Expenditure Account for the purpose of this.
CA Navin Jain
(Expert)
22 July 2011
SECTION 44AD IS APPLICABLE
22 July 2011
For financial year 2010-11, section 44AD can be opted. If option is availed, no need of P & L account.
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