sec 44AD
This query is : Resolved
03 June 2011
sce 44AD is applicable to all business ie one is broker/lic agents/small saving commission agents/manufacturer etc
04 June 2011
It is applicable to all eligible business as described in the section as follows:
“eligible business” means,—
(i) any business except the business of plying, hiring or leasing goods
carriages referred to in section 44AE; and
(ii) whose total turnover or gross receipts in the previous year does not exceed an amount of sixty lakh rupees.
“eligible business” means,—
(i) any business except the business of plying, hiring or leasing goods
carriages referred to in section 44AE; and
(ii) whose total turnover or gross receipts in the previous year does not exceed an amount of sixty lakh rupees.
07 November 2021
No. sec. 44AD not eligible for brokerage or commission income.
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