21 August 2018
Dear Sir, One of my friends is running a Real Estate Outfit which works for commission by bringing purchaser & seller and gets a commission on sale of land, building, residential houses, flats etc. and also get commission for bringing Landlord & Tenant and gets commission. My query is:WHETHER THE ABOVE PERSON CAN DECLARE HIS INCOME UNDER SECTION 44AD OF THE INCOME TAX ACT? Thanks
CAclubindia
