U/s 44ad


This query is : Resolved 

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?

09 June 2012 No: Please see exceptions of this section (b) a person earning income in the nature of Commission or brokerage.

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

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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