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Sec 44 ad

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Querist : Anonymous

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Querist : Anonymous (Querist)
16 September 2011 ABC & co.,is a Partnership Firm and it is a Sub- Broker in Shares,Securities 7 Commodities. It has Brokerage income of 30 Lacs,
1.Whether it will covered under Sec. 44AD for F.Y. 2010 - 11 ??
2.Sub-Brokership is covered under Business or Profession ??
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Ravikant

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Ravikant (Expert)
16 September 2011 Sub-Brokering is a business and is covered by Section 44AD
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