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Presumptive income u/s 44ad

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Querist : Anonymous

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Querist : Anonymous (Querist)
26 March 2012 DEAR ALL,
CAN ANY BODY SAY, AN INDIVIDUAL HAVING INCOME FROM SHARE BROKING COMMISSION CAN FILE HIS RETURNS U/S 44AD @8%, FOR THE FY 2010-11-TOTAL INCOME COMMSION IS RS.2300000/-.


THANKS ADVANCE.....
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CA. Hari Kishan

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CA. Hari Kishan (Expert)
26 March 2012 Recently the FM has clarified that 44AD shall not income commission .. please refer the same before taking a final stand on the same.. i am of the view the 44AD shall not be applicable to you..
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