Section 44ad provisions for commission recd.

Originally posted by : V.Krishna
	Commission Recd.. The Assessee is having income from Salaries Rs.1,80,000/- and Income from Commission  Rs.4,00,00/- . Can I declare more than 70% profit on commssion income under Section.44AD.

Presumptive provisions of sec. 44AD are not applicable to a person earning income in the nature of commission or brokerage.

sub-section (6) of section 44AD

The provisions of this section, notwithstanding anything contained in the foregoing provisions, shall not apply to—

(i)  a person carrying on profession as referred to in sub-section (1) of section 44AA;

(ii)  a person earning income in the nature of commission or brokerage; or

(iii)  a person carrying on any agency business.