Applicability of sec 44ad
sourabh tukliya (ca) (47 Points)
13 August 2014
Is provision of section 44AD also applicable to business of dealing in shares?
2 Replies
Tribhuvan Aditya Singh
(Student as well as Self-employed)
(3710 Points)
Replied 13 August 2014
i guess it is not applicable.
Nishant Singla
(Chartered Accountant in Practice)
(71 Points)
Replied 18 December 2014
Section 44AD does not cover the commission and brokerage business. Since assessee get commission income he can not opt for 44AD
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