Easy Office
Easy Office

application of 44AD?

This query is : Resolved 
Profile Image

Profile Image

(Querist)
22 July 2011 my cousin is a collection agent for few banks.(two wheeler loans, car loans etc..) his total annual receipts in f.y 2010-11 is 11 lakhs. can we apply 44 AD for this case?
Profile Image

CA Navin Jain

Profile Image

CA Navin Jain (Expert)
22 July 2011 clear he received the commission or professional fee
Profile Image

shanker

Profile Image

shanker (Querist)
22 July 2011 navin ji,

he received it as follows.
9 lakhs - 194 H &
2 lakhs - 194 J

how to consider then?
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

CA Navin Jain

Profile Image

CA Navin Jain (Expert)
22 July 2011 you can treated rs. 9 laks as business income (covered Sec. 44 AD) and Rs. 2 Laks as professional income

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links