Section 44AD
This query is : Resolved
01 August 2020
sir,
A Proprietorship firm is doing business in debt collection service from defaulter customers of finance companies. Firm gets commission from such finance companies as income. Does the proprietorship firm fall under section 44AD, is Form ITR 3 applicable for it?
A Proprietorship firm is doing business in debt collection service from defaulter customers of finance companies. Firm gets commission from such finance companies as income. Does the proprietorship firm fall under section 44AD, is Form ITR 3 applicable for it?
01 August 2020
For commission income 44AD not applicable hence file ITR 3.
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