Commission received,filing return u/s 44ad
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 January 2012
PHM is my client, a fruit merchant and received a commission
of Rs.3,48,600/-.He did not maitain any accounts and No VAT returns as fruits are exempted
Can he he file his return of income u/s 44AD on gross
commission of Rs.3,48,600/- at 60% of the commission
received.
any precautions to be taken kidly advise me.Ofcourse we
will consider credits in his bank a/cs and investments made
Kindly guide me.
PHM is my client, a fruit merchant and received a commission
of Rs.3,48,600/-.He did not maitain any accounts and No VAT returns as fruits are exempted
Can he he file his return of income u/s 44AD on gross
commission of Rs.3,48,600/- at 60% of the commission
received.
any precautions to be taken kidly advise me.Ofcourse we
will consider credits in his bank a/cs and investments made
Kindly guide me.
13 January 2012
Return u/s 44AD can be Filed in this case.
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