lic commission
saikrishna (Student CA IPC / IPCC) (1 Points)
21 August 2018
is lic commission agent can file return u/s 44AD
2 Replies
CA P V N Varma
(CA )
(609 Points)
Replied 21 August 2018
Section 44AD Conditions
The scheme of section 44AD is designed to give relief to small taxpayers engaged in any business, except the following businesses:
Business of plying, hiring or leasing of goods carriages referred to in section 44AE.
A person who is carrying on any agency business.
A person who is earning income in the nature of commission or brokerage
The scheme of section 44AD is designed to give relief to small taxpayers engaged in any business, except the following businesses:
Business of plying, hiring or leasing of goods carriages referred to in section 44AE.
A person who is carrying on any agency business.
A person who is earning income in the nature of commission or brokerage
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