Saving A/c Transaction
This query is : Resolved
13 May 2017
Dear experts please tell me one of my clients is general commission agents and he received 26 lac in 2 saving account a.y 17- 18 & tds deduct approx 40 thousand
then can i ITR file 4 Sugam & show turnover in digital transaction
ITD have taken any action on this amount after filed return becoz this is saving account
13 May 2017
Commission income can be received in savings ac no problem. Commission income can't be opted u/s 44AD hence you can't file ITR 4S(Now ITR 4). You have to file the return ITR 3 New form(old ITR 4)
13 May 2017
ok thanks sir
15 May 2017
commission income cannot be shown u/s 44AD in view of section 44AD(6) which says that provisions of this section shall not apply to a person earning income by way of commission.
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