Income u/s 44ad
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 February 2018
WHAT SHOULD BE DONE OF INTEREST AND COMMISSION INCOME RECEIVED WHEN IN THE BUSINESS OF MANUFACTURING & TRADING PROFIT IS SHOWN U/S 44AD.
25 February 2018
if commission is not coming as a regular income, park it under "income from other sources." Interest, anyway, is going to be taxed as income from other sources only.
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