13 October 2015
my clients have done contractor work for rs. 1850000. in the previous year 2014-2015. what is the tax liability and income from U/S. 44-AD IS ALLOWABLE OR NOT ?
15 October 2015
shall not applies to assessee - Carrying on profession as referred to in 44AA(1) - earning income in the nature of commission or brokerage or - a person carrying on any agency business
Assessee must be eligible Assessee (See Expl (a) to section 44AD Assessee must be in eligible business (See Expl (b) to section 44AD
CAclubindia
