Commission received,filing return u/s 44ad
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 January 2012
PHM is my client, a fruit merchant and received a commission
of Rs.3,48,600/-.He did not maitain any accounts and No VAT returns as fruits are exempted
Can he he file his return of income u/s 44AD on gross
commission of Rs.3,48,600/- at 60% of the commission
received.
any precautions to be taken kidly advise me.Ofcourse we
will consider credits in his bank a/cs and investments made
Kindly guide me.
PHM is my client, a fruit merchant and received a commission
of Rs.3,48,600/-.He did not maitain any accounts and No VAT returns as fruits are exempted
Can he he file his return of income u/s 44AD on gross
commission of Rs.3,48,600/- at 60% of the commission
received.
any precautions to be taken kidly advise me.Ofcourse we
will consider credits in his bank a/cs and investments made
Kindly guide me.
13 January 2012
Return u/s 44AD can be Filed in this case.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Deemed Capital Gain
- Exiting partner in partnership firm in gst portal
- CLOSING STOCK QUERY
- Type of Capital Gain
- Error in uploading Form 10BD
- Applicability of Books of Account for Commission Income (Sections 194D & 194H)
- TDS _Long term Capital Gain ref.sec 214 Table 2
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- Difff in ais receipts and gst turnover
- Grand in aid
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
