Section 44ad
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 November 2014
Sir,
Let i am carrying a business of manufacturing in some cosmetic item, and now manufacturing is covered under section 44AD.
NOW MY QUESTION IS WHAT IF A PERSON RECEIVES COMMISSION FROM SAME BUSINESS UNDER THE PROPRIETORSHIP FIRM, THEN WHETHER HIS WHOLE BUSINESS IS OUT OF SCOPE OF 44AD or Only Commission income is considered separately and manufacturing activity is still to be included in Section-44AD......??
Let i am carrying a business of manufacturing in some cosmetic item, and now manufacturing is covered under section 44AD.
NOW MY QUESTION IS WHAT IF A PERSON RECEIVES COMMISSION FROM SAME BUSINESS UNDER THE PROPRIETORSHIP FIRM, THEN WHETHER HIS WHOLE BUSINESS IS OUT OF SCOPE OF 44AD or Only Commission income is considered separately and manufacturing activity is still to be included in Section-44AD......??
03 December 2014
Only commission income to be considered separately.
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