03 October 2011
An individual reveived a commission income on the sale of goods on behalf of his principle .He gets his commission after deducting the TDS u/s 194H.
CAN WE APPLY SEC 44 AD FOR HIM.
OR CAN WE PREPARE PROFIT AND LOSS ACCOUNT AND CLAIM THE EXPENDITURE.
AS THIER ANY SPECIFIC SECTION IN INCOME TAX RELATED TO THIS TYPE OF INCOME..LIKE IT IS FOR INSURANCE COMMISSION INCOME.?
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