Defective return
This query is : Open
vipin pratap singh
(Querist)
13 November 2017
Hello
I filled ITR 4 for Insurance agent under Nature of business (301 - General Commision Agent) Under the provisions of Section 44ADA. But IT dept said 44ADA is not applicable to the applicant.The nature of business disclosed in SCh NOB is not a profession. Hence the provision of the sections are not applicable and make it Defective. please guide me with correct section to file Insurance agent ITR.
Thankyou
I filled ITR 4 for Insurance agent under Nature of business (301 - General Commision Agent) Under the provisions of Section 44ADA. But IT dept said 44ADA is not applicable to the applicant.The nature of business disclosed in SCh NOB is not a profession. Hence the provision of the sections are not applicable and make it Defective. please guide me with correct section to file Insurance agent ITR.
Thankyou
Parv Kumar
(Expert)
13 November 2017
You cant opt fot 44AD & 44ADA in case of commission agent.
So correct your return by filing ITR-3.
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