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Presumtptive scheme of Sec. 44ADA

Others 405 views 3 replies
Can a commission agent whose TDS has been deducted u/s 194H opt 44ADA ?
Replies (3)
No...
Commission agent can't opt presumptive scheme. He ll choose only normal provision...
if book is not maintain by assessee

Section 44ADA shall be applicable only in the case of specified profession as mentioned under section 44AA.  Commission agent does not fall within the meaning of specified profession. Therefore, section 44ADA will not be applicable to commission agent. 


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