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avneesh (Querist) 24 August 2012 This query is : Open
1-is sec. 44ad applicable on profession or not

2- a person is earning income from isurance commission of Rs 25,00,000.

question-

1- is it profession income or business income

2- can he use itr4s and show 20% profit of 25,00,000

3- if 44ad is not applicable than tax audit is required

avneesh.bibhu@gmail.com

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