New Section 44AD
This query is : Resolved
05 February 2011
My Client is doing business of General Commission Agents, the new section 44AD is applicable or not for the Assessment Year 2011-12, since the Gross Receipts is less than Rs.60.00 lakhs
05 February 2011
Explanation (b) of the said section says 'any business except that referred in 44AE' is covered under the new section 44AD meaning thereby general commission agency business has to comply the provisions of the new section.
Guest
Guest
(Expert)
05 February 2011
Agree with Mr. Warrier.
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