Section 44ad in case of commission & other misc income.
This query is : Resolved
CA. Afjal Y Hamirani
(Querist)
28 February 2012
Hello Sir/Madam,
Is section 44ad is applicable in case of commission received during the year from two company & other misc. income earned during the year?
Please reply answer of my this query as soon as possible?
Thank You Sir/Madam?
Is section 44ad is applicable in case of commission received during the year from two company & other misc. income earned during the year?
Please reply answer of my this query as soon as possible?
Thank You Sir/Madam?
Krishna Mohan
(Expert)
28 February 2012
Section 44AD is applicable to commission business also. Number of companies from which the commission is received has no relevance here.
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