Urgent commission agents overed under sec 44ad or not?

i think the commission agent's turnover should not be taken as gross receipts but the commission he earns on gross receipt...though wait for specific comment on that

and Rs 40 lacs is not the criteria now!! it's Rs 60 lacks now..

cheers!! 

In your case, your turnover is below 60 lakhs limit and if you want to show the business income below the presumptive rate (8%), then you need to maintain books of accounts. But if you want to follow presumptive rate of business income, then you can use ITR-4S SUGAM Form under general commission agent code. 

However, for AY 2011-12 also, ITR-4 can be used, if he is an individual / HUF who is carrying out a proprietary business or profession under General commission agent with code-0301.

i think commission shoul not coverd sec 44ad ,bcoz its not a gross receipts (gross receipt means total turnover for the year ) so sec 44ad does not attract commission income