section 44AF

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khasim khan (Querist)
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16 September 2009 Hi iam khasim

my query is that whether 44af applies to income i.e brokerage&commission, consultancy like tution fees etc

Ratan Sharma (Expert)
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16 September 2009 No. Section 44AF is only applicable to retail Trade. It is not applicable for brokerage,commission,tution fees etc.

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