Hi ALL
Can anybody tell me whether we can file income under presumptive taxation sec 44AD if we a person is earning brokerage income from selling of properties ?
Thanx in advance :)
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Commission income -applicability of sec 44ad
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| Originally posted by : abhishek | ||
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Hi ALL Can anybody tell me whether we can file income under presumptive taxation sec 44AD if we a person is earning brokerage income from selling of properties ? Thanx in advance :) |
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As per Sec. 44AD(6)(ii), presumptive scheme is NOT applicable to a person earning income in the nature of commission or brokerage.
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