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44 ad (Income Tax)

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This query is : Resolved

Author : Anonymous

( Author )
25 May 2012

 MY LIC AGENT CLIENT (COMMISSION) IT RETURN, I FILED IN SECTION 44AD FOR F.Y. 10-11, SHOULD I HAVE REVISE THIS RETURN IN ITR-4


Siddhartha Bhardwaj

( Expert )
25 May 2012

 Section 44AD has been retrospectively amended w.e.f AY 11-12 to provide that commission income is not eligible for benefit u/s 44AD.

Accordingly, you should revise your return.



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