Section 44ad
This query is : Resolved
SHREEPAL LALWANI
(Querist)
29 November 2017
Dear Sir,
Following servicing income can be shown under section 44AD of Income tax Act, 1961
1) Diamond Labour Income
2) Printing Income
Please reply immediately
Following servicing income can be shown under section 44AD of Income tax Act, 1961
1) Diamond Labour Income
2) Printing Income
Please reply immediately
29 November 2017
Yes it can be shown only agency business or brokerage income and income from profession cannot be shown u/s 44AD.
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