is commission income from insurance agency business or profession?
Section 44AD not cover to Profession
Page no : 2
CA Navin Jain
(MANAGER (FINANCE & ACCOUNTS))
(11768 Points)
Replied 21 July 2011
commission income from insurance agency will be treated as business income
RAVINDRA SHANBHAG
(PROPRIETOR)
(21 Points)
Replied 21 July 2011
very interesting and very brief
Ravindra Shanbhag
CA Devender Chauhan
(Group Financial Accountant)
(1526 Points)
Replied 22 July 2011
VARY NICE
THANX FOR SHARING
Gulshan Kumar
(Professional Accountant)
(119 Points)
Replied 22 July 2011
thanks Sir, I know but today my info. is confirmed
CA Aditya Goel
(Chartered Accountant)
(368 Points)
Replied 22 July 2011
Thank you Sir, Please keep sharing with us.
KUMAR trp707@gmail.com
(TAX RETURN PREPARERS )
(990 Points)
Replied 22 July 2011
best clarifications, examples of business give some more
Anand
(CA)
(28 Points)
Replied 29 July 2011
Please can I have light on the speculation commodity business or FnO Shares business.
If my turnover in FnO shares or Speculation commodity is Rs. 800000 (i.e. profit+loss after Each buying & Selling) and carrying a Loss of Rs. 400000. and my professional income is 4,50,000 for the Financial year 10-11.
So should I file return u/s 44AD for FnO shares to avoid tax audit.?
Please reply for both FnO Shares and Speculation commodity separately. URGENT
Pramod kumar
(Accountant)
(28 Points)
Replied 08 August 2013
Sir ,
Car & Taxi Plying Business is applicable u/s 44AD
Please Peply me........
Thank you.
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