13 January 2012
PHM is my client, a fruit merchant and received a commission of Rs.3,48,600/-.He did not maitain any accounts and No VAT returns as fruits are exempted
Can he he file his return of income u/s 44AD on gross commission of Rs.3,48,600/- at 60% of the commission received.
any precautions to be taken kidly advise me.Ofcourse we will consider credits in his bank a/cs and investments made
CAclubindia
