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Commission income

Vimal (Article) (26 Points)

18 March 2017

section 44AD is applicable to commission bussiness?? my client dealing in tours and travel business, so commission received on ticket booking, so turnover considered as gross receipt or totaL commission received????

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4 Replies

Piyush Tanwar (Assistant Manager - Accounts) (1432 Points)
Replied 18 March 2017

no.. 44AD is not applicable to commission income.

Vimal (Article) (26 Points)
Replied 18 March 2017

so service tax applicable on that ???

CA V KARTHICK (Chartered Accountant in Practice) (506 Points)
Replied 20 March 2017

A commission agent cannot avail the benefit of filing ITR under 4S. 44AD will not be applicable for him.

Service tax will be applicable.

Vimal (Article) (26 Points)
Replied 16 November 2017

if any one have 50% of his businee receipt throught digitally and rest is in cash. wether we have to show under s 44AD seperatly for 6% for digiatlly receipt and 8 % regulers??