44ad

This query is : Resolved 

(Querist)
19 June 2012 can 44AD applies to all assessees who are below audit limit like commission agents, professionals,other contract income where TDS is deducted etc.

20 June 2012 Secyion 44AD is NOT applicable to professional receipts.

Further, Section 44AD has been retrospectively amended to provide that the provisions of Section 44AD are NOT applicable to agency, commission income.



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