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Sec 44ad

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Querist : Anonymous

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Querist : Anonymous (Querist)
16 January 2012 wether commission business comes uder eligible business for Sec 44AD
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
16 January 2012 Yes. It is an eligible business as per Section 44AD.
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
16 January 2012 ALL types of business are eligible business under Section 44AD (except business of plying, hiring or leasing goods carriages).

However, gross receipts should be less than Rs. 60 lakhs.
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CA Hardik Bunha

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CA Hardik Bunha (Expert)
16 January 2012 Professional is out of scope for section 44AD.
For commission income consider 60 lakh but not 15 lakh.

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