If a assessee working in sale or puchase car dealer then what will be shown to be the under the head of income section 44ad or other income.. if the section 44ad applied what will be percentage count for this return and mentioned figures in sale column and profit... pls tell me clarfiy of this return.
5 Replies
prasad Nilugal
( GST Practitioner & Accounts )
(14801 Points)
Replied 07 January 2020
Is it a Agency Business ?.
sabyasachi mukherjee
(27574 Points)
Replied 07 January 2020
Please be specific.
No returns can be filed.
Sec 44AD and other sections are applicable provided...
you satisfy certain conditions....
No returns can be filed.
Sec 44AD and other sections are applicable provided...
you satisfy certain conditions....
Kapadia Pravin
(17259 Points)
Replied 07 January 2020
Usually dealers issue sale invoice in its own name. So it's not Commission income.
44AD option is available till the turnover limit of 2 crores. Above 2 crores, compulsory tax audit under 44AB.
Income is not at all from other sources.
44AD option is available till the turnover limit of 2 crores. Above 2 crores, compulsory tax audit under 44AB.
Income is not at all from other sources.
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