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Section 44ad - not applicable to commission income

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CA.Pinank Arvindbhai Shah

CA.Pinank Arvindbhai Shah

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07 September 2018 Why is Section 44AD of the Income Tax Act In India not applicable to an agency business and commission or a brokerage income? Is any logic or any reason behind it ?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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07 September 2018 No major expenses incurred on such commission or brokerage income. Almost entire income will be profit hence applying 8% profit on it is not justified.

CA.Pinank Arvindbhai Shah

CA.Pinank Arvindbhai Shah

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07 September 2018 thank you very much sir.

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