Return filing U/s. 44AD and 44ADA for Traders
This query is : Resolved
Quick Summary
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
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
10 February 2023
If Individual or Huf or partnership firm; then yes, is eligible.
10 February 2023
It's an individual. Can he file return under Section 44AD as he is a trader.
10 February 2023
Yes eligible, provided there is no commission income along with it.
10 February 2023
Ok Sir, Thanks for your reply
10 February 2023
Most welcome.
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
- Gst registered proprietorship firm
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Price inclusive or exclusive of GST while made entry in P& L Account
- Minimum tax payable to file Updated return
- Applicability of GST on Salary Reimbursement Component
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- Dep. as per companies act
- Change Of Karta In Case of Death
- GST Intimation due to Government took possession of Business Premises under PPE Act
- GST ISSUE OF INPUT AND OUTPUT GST
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
Quick Links
ARTICLESHIP
18 September 2026
Industrial Trainee
Twenty Point Nine Five Ventures Private Limited
Noida
CA Inter
View Details
ARTICLESHIP
30 September 2026
CA Article Assistant
CA Suraj Garg & Associates
New Delhi
CA Final
View Details
ARTICLESHIP
15 September 2026
Freelance Taxation Content Writer Intern
Interactive Media Pvt Ltd.
New Delhi
CA Inter
View Details
CCI
Pro
CAclubindia
