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Itr3 or itr4

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Sagar Patel

Sagar Patel (Tax and Business Consultant)   (11611 Points)
Replied 12 August 2020

Than, you can file Return u/s 44AD as it's business contract of Advertisement, not insurance.
1 Like
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Jyoti Narang

Jyoti Narang (Kkk) (1203 Points)
Replied 12 August 2020

Yes thank u

Roshni

Roshni (Studwnt) (1141 Points)
Replied 13 August 2020

I feel you should go for normal provisions because insurance is not included for 44Ad ...as far as 194c income is concern it can be one line item and not whole of 19000000. Itr 3 Is what I suggest you.

Sagar Patel

Sagar Patel (Tax and Business Consultant)   (11611 Points)
Replied 13 August 2020

@ Roshni ji
business is of advertisement, not insurance...
1 Like


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