Commission agent
This query is : Resolved
16 February 2017
What is the law u/s 44ab and u/s 44ad as regards an individual having the business of receiving commission on sales and collection of dues from debtors of a company??
16 February 2017
44AD not applicable to commission business. Commission received will be considered as turnover for the purpose of 44AB.
16 February 2017
Sir what will be the turnover limit under 44ab for FY 2016-17??
16 February 2017
1 Crore...................................
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