sectoin44AA

veera (self) (289 Points)

29 June 2019

is commision earning person is lible to maintain books of under this sec.

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Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (180956 Points)
Replied 29 June 2019

Yes, if the limits specified under the section are crossed.

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siddhesh (si) (198 Points)
Replied 29 June 2019

Dear Sir,

please correct me if information is incorrect.

If any Commission income received such person is not eligible for presumptive taxation system under 44AA.

commission agent is required to maintained Books of Accounts.

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (180956 Points)
Replied 02 July 2019

Check the difference between sec. 44AD & sec. 44AA.

Commission income is not assessible u/s. 44AD, but books of accounts are required only if the conditions as per sec. 44AA, are applicable

So check when the books of accounts are mandatory as per sec. 44AA.

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