Profession or business?
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 November 2011
is insurance agency a profession or business?
if it is a business, can i file my return of income u/s 44AD?
kindly clarify with support of case law / provisions of IT Act.
if it is a business, can i file my return of income u/s 44AD?
kindly clarify with support of case law / provisions of IT Act.
25 November 2011
It is Business, yes you have to file return u/s 44AD
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 November 2011
thank you D.THIRUMALA
Have taken support of case law or provisions of IT ACT.
CLARIFY.
Have taken support of case law or provisions of IT ACT.
CLARIFY.
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