Commission agents for the Assessment Years 2021-2022
This query is : Resolved
13 October 2021
can we offered 45% of income from commission under other than 44AD without books of account
13 October 2021
Books of account are required to be maintained if sec. 44AA(2) attracted.
Sec. 44AD not applicable for commission income.
45% profit margin is acceptable.
Sec. 44AD not applicable for commission income.
45% profit margin is acceptable.
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