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Section 194h

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Querist : Anonymous

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Querist : Anonymous (Querist)
08 May 2012 Dear expert,
One of my client, whose payments are being deducted U/s 194H, as he is running a employment agency. His payment would be around 6 lacs. Whether can he opt section 44ad @8% or not.
Please advise me
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prasad

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prasad (Expert)
08 May 2012 In my opinion, yes one can opt section 44AD for commission income.
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CA CS Amit S. Kedia

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CA CS Amit S. Kedia (Expert)
08 May 2012 Yes, he can opt for section 44AD.
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