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 :)
abhishek (CA FINAL) (274 Points)
03 February 2014Hi 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 :)
Deepak Gupta
(CA Student)
(15922 Points)
Replied 03 February 2014
| Originally posted by : abhishek | ||
 |
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 :) |
 |
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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