CCI Online Learning
What do you want to learn today?
     
CIBIL

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Business income Under 44AD and Insurance Commission Income

This query is : Resolved 

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?





File ITR 3 showing job work income under 44AD and commission income under business income.

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?

No it can't be shown as other income.


You need to be the querist or approved CAclub expert to take part in this query .


Click here to login now



Similar Resolved Queries :





Trending Tags
GST Live Class    |    x