Return filing U/s. 44AD and 44ADA for Traders

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This discussion clarifies the eligibility of traders to file their Income Tax Returns under Section 44AD or 44ADA. For an individual trader with a turnover below Rs. 50 lacs, filing under these sections is permissible, provided there is no associated commission income. The advice confirms eligibility for individuals meeting these conditions.

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(Querist)
10 February 2023 Dear Sir,

One of my client is into business of trading of Industrial products. I want to know can I file his Income Tax Return U/s. 44AD. His Turnover is below Rs. 50 lacs.

Please advise in this matter.

Regards,
Divyesh Jain
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
10 February 2023 If Individual or Huf or partnership firm; then yes, is eligible.
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DIVYESH JAIN

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DIVYESH JAIN (Querist)
10 February 2023 It's an individual. Can he file return under Section 44AD as he is a trader.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
10 February 2023 Yes eligible, provided there is no commission income along with it.
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DIVYESH JAIN

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DIVYESH JAIN (Querist)
10 February 2023 Ok Sir, Thanks for your reply
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
10 February 2023 Most welcome.
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