U/s 44ad-presumptive income
Querist : Anonymous
I have one client Share broker erned income Rs. 20,30,000/- for FY 2010-11, whether i can file his return under section 44AD presumptive income @ 8% FOR THE fy 2010-11.
vERY URGENT......
THANKS ADVANCE....
Querist : Anonymous
HE IS INDIVIDUAL, TODAY I READ IN TAXGURU REGARDING NOT APPLICABLE INCOME IN THE NATURE OF COMMISSION AGENT & BROKERAGE COMMISSION WITH EFFECT FROM RETORSEPECTIVELY FROM THE AY 2011-12.WHETHER SHARE BROKERAGE COMMISSION ATTRACTS THIS CLAUSE. OR I CAN PROCEED TO FILE U/S 44AD PRESUPT.INCOME @8% STILL.
THANKS A LOT FOR YOUR KIND ADVISE.....
1. Professional
2. Peoples earning income from commsiion and brokrage.
3. In case of Agency business.
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