04 July 2023
1. Income from software consultancy can be declared u/s. 44ADA, provided max. TO up to Rs.50 lakhs. 2. No, commission income cannot be declared u/s. 44AD of the act.
04 July 2023
You need to file ITR 3, but you cannot aggregate professional receipts and TO of commission business. You need to declare both the activities under respective tables.
04 July 2023
No need for declaration of minimum 50% profit in commission business. It should be as per actual with proofs of income and expenses incurred.