11 December 2017
Whether section 44AD is available for mobile shop owner as sec 44AD is not applicable in case of commission or brokerage income but such person also has income from recharge voucher.
whether income from recharge voucher is considered as commission income or revenue income and can it be considered in total turnover or not.
11 December 2017
It's commission based income. Presumptive taxation not applicable in this income...
Also the commission income only his turn over. can't consider his sale value as Turn Over...
CAclubindia
