23 February 2022
Sir, during previous year, I had received brokerages/commission exceeding Rs. 1.00 lac (against various sale of lands sale as attorney).Whether I am liable to maintain account books or may I show the same U/S.44AD ?
23 February 2022
Section 44AD is not applicable for commission / brokerage earned. You can maintain books of accounts for the commission earned and disclose the same in the income tax returns.
CAclubindia
