Sec 44ad(6)
This query is : Resolved
02 January 2013
dear expart
In post budget memorandum 2012 said about sec 44ad(6) that the provision of sec 44ad(6) should made effect from assessment year
13-14, hence can commission income show under sec 44ad for the assessment year 11-12 and 12-13? please clear me about that its important. thanks........
In post budget memorandum 2012 said about sec 44ad(6) that the provision of sec 44ad(6) should made effect from assessment year
13-14, hence can commission income show under sec 44ad for the assessment year 11-12 and 12-13? please clear me about that its important. thanks........
02 January 2013
The provision has been inserted with retrospective effect from 1.4.2011 meaning thereby it applies to AY 2011-12 as well as Ay 2012-13 both.
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