I have 194j and 194h income..
I can show 194j under 44ADA
then what about 194H
6 Replies
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 19 June 2021
44AD/44ADA is not applicable in respect of commission income. If commission is trivial, it may be shown as IFOS in ITR4 I think.
prasanth
(ipcc)
(209 Points)
Replied 19 June 2021
Nearly 8 lacs is there, if I show it as other income. then I wanna claim less tds
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 19 June 2021
8 lacs is not trivial. ITR3 is the only option in this case I think.
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 20 June 2021
File ITR 3 for commission income
veerendar singh
(tax consultant)
(3301 Points)
Replied 20 June 2021
Commission income cannot be computed under 44ad
Recent Topics
- Avoiding tax audit in case of intraday equity loss
- Form 3CEAB
- Form 3CEAA and Form 3CEAB
- DIR 3 Web KYC
- Can i declare LTCG income as business income if I
- Stock entry in new software
- I have an EMI collection shop, what is its SAC cod
- Making payment once in quarter possible under QRMP
- Master File Documentation related
- Applicability of 44AD needs clarification
Related Threads
CAclubindia
