Business income Under 44AD and Insurance Commission Income
This query is : Resolved
09 July 2020
if a person as individual engaged in Business of Jobwork which has a turnover of 10 lakhs and Income From that buisness is nearly 3 lakh nearly and income from Insurance Commission is 15K and person want to show his business under 44Ad and Insurance income as income from other source?
Which ITR Should that person will have to file and why?
Which ITR Should that person will have to file and why?
09 July 2020
File ITR 3 showing job work income under 44AD and commission income under business income.
09 July 2020
Ok sir you mean that person will have to show jobwork income under 44ad and insurance commission income as regular business but main source of income of that person is not from insurance commission income can we show that commission as income from other sources?
10 July 2020
No it can't be shown as other income.
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