an assessee is having commission income & is also running a trading business. can he show his income from trading business under section 44AD.
an assessee is having commission income & is also running a trading business. can he show his income from trading business under section 44AD.
I think he could that if commission being received by him is not pertaining to trading business and gross receipts of trading business exceeds 1 crore rupees
Trading business can be shown u/s 44AD as long as gross receipts does not exceed Rs. 1 crore
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View Details
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
View Details
CAclubindia
