Sec 44ad
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 August 2011
Is mutual fund Agent file return under sec 44AD
12 August 2011
Yes they can file return U/s 44AD.
But it is advisable to show a reasonable income looking to the investment made by agent , his bank balance etc. The income should support his tentative balance sheet.
But it is advisable to show a reasonable income looking to the investment made by agent , his bank balance etc. The income should support his tentative balance sheet.
13 August 2011
Hi,
Yes, this has also been decided in case of Dharma Vijaya Agency Vs CIT( 38 ITR 392) Bombay High Court.
Yes, this has also been decided in case of Dharma Vijaya Agency Vs CIT( 38 ITR 392) Bombay High Court.
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