Itr
This query is : Resolved
07 July 2015
can i file ITR 2 Or 4S for commisssion income in A.Y.2015-2016???
Nikhil Kaushik
(Expert)
07 July 2015
no and no....use ITR-4.....
08 July 2015
sec 44AD bars the commision eraners to use itr 4s
Nikhil Kaushik
(Expert)
08 July 2015
Tushar, legally speaking..44aD just bars use of section 44AD for commission income. it doesn't bar use of ITR4S per say..as it can be used for other sections also such as 44AE. The usage of form is decided by Rule 12 and not by the act.
but as I said, only legally speaking.. the net effect remains the same
but as I said, only legally speaking.. the net effect remains the same
08 July 2015
yes agreed with u but to make person who are not well versed with legal language to simplfy it i mentioned in net effect manner.
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