Commission or brokerage income
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 August 2012
Can Income From Commission Or Brokerage declare under section 44AD for Income Tax Return Purpose For F.y 2011-12
22 August 2012
Section 44AD has been retrospectively amended to provide that commission or brokerage income is NOT covered u/s 44AD.
Accordingly the benefit of Section 44AD is NOT available for commission or brokerage income.
Accordingly the benefit of Section 44AD is NOT available for commission or brokerage income.
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 August 2012
Thanks for clarification and instant reply.
27 August 2012
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