Your Govt. GST Certification Awaits - Complete in 58 Hours. Register Now!

Which form should be filed

13 September 2020

i am having income in 44 AD and i am showing my commission income in other sources on which tds is deducted.which form will be filed

Reply
Follow
Share

4 Replies

prasad Nilugal (3914 Points)
Replied 13 September 2020

44AD - ITR4 not applicable to commission Income .

Upgrade to CAclubindia Pro. Subscribe Now!

sabyasachi mukherjee (27642 Points)
Replied 13 September 2020

Income in 44AD MEANS..

1 Like

Yash Gupta (7 Points)
Replied 13 September 2020

44AD is a section give a relief to small taxpayer. They can declare the income at a prescribed rate. Your turnover must be less than Rs 2 crores. Your NET income shall be considered as 8% of your turnover (net income will be considered 6% in case of digital receipts like cheque etc.)

1 Like

annu Goyal (1102 Points)
Replied 13 September 2020

Sec 44AD is presumptive Income
As per this sec any taxpayer whose turnover is below 2cr.simply show profit 8/6% there is no need to make proper books,

As sec 44AD is not applicable on Commission Income or exception of sec 44AD then You should file ITR3 and maintain the proper books of accounts