16 July 2012
Eligible Assessee can file return u/s 44AD. Travel agent is also covered u/s 44AD. Travel Agent can file return under this section provided that his turnover or gross receipts does not exceed Rs.60 Lacs.
07 August 2012
As per the receent amendment, Commission Agents are not covered under section 44 AD as such they hardly get few % age of commission and on that to pay 8% ..may be little heavy...
07 August 2012
yes, I agree with the above expert. as per the recent amendment, Sec 44AD has been revised. now persons carrying on profession as referred to in section 44AA(1) or
persons earning income in the nature of commission or brokerage income or
persons carrying on any agency business. are not covered under sec 44AD.
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