Can i use itr 4s for commission income of an insurance adviser (since it is a business income, can i take it on presumptive basis under 44AD if TO less than 1 crore)
26 March 2016
Dear You can not opt for Section 44AD the provisions of section 44AD cannot be adopted by an assessee who is engaged in or is carrying on an agency business or is earning income in the nature of commission or brokerage. FILE ITR 4 for the same.
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