Commission or brokerage income

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Querist : Anonymous

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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.

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 August 2012 Thanks for clarification and instant reply.

27 August 2012 You are welcome. you should use the thanks button to convey your thanks.


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