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194 h and 194 d

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(Querist)
04 May 2022 sir
can commission income earned under 194h and 194d be claimed as business receipts showing as professional income thereby claiming 50% expenses.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
05 May 2022 No, it can't shown as professional income and opt for 44ADA.
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Eswar Reddy S

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Eswar Reddy S (Expert)
05 May 2022 Commission income is not eligible for Presumptive Taxation. You may see it in the list of categories ineligible for Presumptive Taxation



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suja pirama

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suja pirama (Querist)
05 May 2022 thank u sir. in case of commission income such as lic, postal agents is there any fixed amount that can be claimed as expenses.

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