commission income is eligibity for sec 44 ad ? what condition to fulfill ? explain latest sec 44ad?
urgent pls help
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| Originally posted by : srikumar | ||
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commission income is eligibity for sec 44 ad ? what condition to fulfill ? explain latest sec 44ad? urgent pls help |
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W.e.f A.Y. 2011-12, Sec. 44AD is not applicable to a person (Individual/HUF/Partnership Firm) earning income in the nature of commission or brokerage.
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