section 44AD Query
This query is : Resolved
08 August 2017
Section 44AD is applicable to a partnership firm who is engaged in the business of sub brokerage of stock market??
Amol S Joglekar
(Expert)
08 August 2017
44AD is NOT applicable in the cases where a person is earning income in the nature of commission or brokerage;
08 August 2017
Whether that Partnership firm required to get audited for Tax audit???
Amol S Joglekar
(Expert)
08 August 2017
44AD is not applicable......so no question of 8% presumptions
Amol S Joglekar
(Expert)
08 August 2017
you are most welcome.....
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