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Income u/s 44ad

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Querist : Anonymous

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Querist : Anonymous (Querist)
24 February 2018 WHAT SHOULD BE DONE OF INTEREST AND COMMISSION INCOME RECEIVED WHEN IN THE BUSINESS OF MANUFACTURING & TRADING PROFIT IS SHOWN U/S 44AD.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
25 February 2018 if commission is not coming as a regular income, park it under "income from other sources." Interest, anyway, is going to be taxed as income from other sources only.

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