Opt income tax section 44 ad
SANKET HOLAM (33 Points)
03 September 2021we are carrying commision income during the year
So,
can we opt under section 44 (ad) of income tax?
and buyer had deduct the
tds under section 194 (h)
SANKET HOLAM (33 Points)
03 September 2021
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 03 September 2021
No, 44AD cannot be opted in case of commission income.
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 03 September 2021
Refer section 44AD of income tax act.
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 03 September 2021