Menu
sectoin44AA
is commision earning person is lible to maintain books of under this sec.
Replies (3)
Yes, if the limits specified under the section are crossed.
Dear Sir,
please correct me if information is incorrect.
If any Commission income received such person is not eligible for presumptive taxation system under 44AA.
commission agent is required to maintained Books of Accounts.
Check the difference between sec. 44AD & sec. 44AA.
Commission income is not assessible u/s. 44AD, but books of accounts are required only if the conditions as per sec. 44AA, are applicable
So check when the books of accounts are mandatory as per sec. 44AA.
Recent Topic
- Correct ITR form
- Clarification required on Section 393 & Report
- Professional advance taxes
- Surrender pan process
- Tds on deceased's pan
- Exempt income declaration schedule EI in ITR2 (AY2
- Mold cost invoice in GST return
- WhatsApp document sharing: Client sends Aadhaar, P
- GST Registration Cancelled for Non-Filing Returns
- DPDPA Compliance for CA Firms: The 10 Client-Data
CAclubindia
