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U/s 44ad

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(Querist)
09 June 2012 An individual has insurance commission income. It can be take as presumptive income U/s 44AD? and file the return ITR-4S?
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CA. Aryendra

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CA. Aryendra (Expert)
09 June 2012 No: Please see exceptions of this section (b) a person earning income in the nature of Commission or brokerage.
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C.A Anshul Singhal

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C.A Anshul Singhal (Expert)
09 June 2012 assessee Included Individual,HUF, Partnership Firm(Not Included LLP).
Company Is Not include In Section 44AD
So Insurance Company Can Not takle A Presumption Income U/s 44AD
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C.A Anshul Singhal

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C.A Anshul Singhal (Expert)
09 June 2012 assessee Included Individual,HUF, Partnership Firm(Not Included LLP).
Company Is Not include In Section 44AD
So Insurance Company Can Not takle A Presumption Income U/s 44AD
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