Income from brokerage and commission



Can income from brokerage and commission be reported under section 44ADA of presumptive income scheme?

 

 
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Student CA IPC / IPCC

no, commission income not eligible for presumptive taxation
 
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Agreed with Saud Ahmed's reply.

 
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CA FINAL ASPIRANT

no, you are required to prepare BS P&L ...you can opt for preasumptive taxation scheme
 
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