Error code 86

This query is : Resolved

Gyan Prakash (Querist)
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31 March 2018 As the provisions of Section 44AD are not applicable, in
your case, the claim of computing profits and gains of
business on presumptive basis, under this special provision
is not allowable. Hence, the above defect has to be
corrected by way of computing the profits and gains of
business under the normal provisions and not under
Sec.44AD and offering the same.

RAJA P M

RAJA P M (Expert)
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31 March 2018 Yes...
Sec 44AD not applicable for "Commission Agents [General Commission Agents]".... Filing required only normal provisions and use ITR 3 (AY 2017-18)

Read more at: https://www.caclubindia.com/experts/error-code-86-2643354.asp

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