Section 44ad

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

26 May 2012 in budget 2012 sec 44Ad was amened with restropect from 01-04-2011
is ammended come wef 2102-2013 AY or 2011-2012AY
as some of assessee filed the return on 31-07-2011 or 30-09-2011

any clarification

CA Hardik Bunha

CA Hardik Bunha (Expert)
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26 May 2012 Yes, You are right.
But amended provision applicable from 2012-13.

It is Implied when section 44AD ist time amended that commission agent, broker are not covered by sec.44AD.

Government felt later and made this provision. i think nothing is contraversial.