Sec 44ad
This query is : Resolved
22 September 2014
dear sir
in case income of a commission agents show
under sec 44ad and used 4s sugam if show taxable income 60% t0 70% instead of 8%? please advice because I came to know that
sec44ad do not apply to commission agents. thanks.......
in case income of a commission agents show
under sec 44ad and used 4s sugam if show taxable income 60% t0 70% instead of 8%? please advice because I came to know that
sec44ad do not apply to commission agents. thanks.......
22 September 2014
yes wat u cca,e to know is correct that sec 44AD is not applicable to agents
22 September 2014
Section 4AD is not applicable for Professional. Section 44AD says Eligible Business. ITR4 will be applicable in the given case not ITR4S.
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