income for commission

196 views 2 replies
dear expert
sir mere client ka mobile recharge ka busines hai uska turnover b 50 lac se upar hai or uski commission 248000 banti hai or usko 108000rs salary income b hai.to Kya usko apni firm audit karwani hogi ya wo commission income show kar ke apni itr file kar sakta hai

pls suggest me
Replies (2)
audit case only if your client show profit less than 8% from business or his turnover is more than 2 crore
Yes rightly stated above and you can not go for section 44AD as commission business is excluded in it.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register