banner_ad

Section 44ad

This query is : Resolved 
Profile Image

Profile Image

(Querist)
29 March 2016 can I use ITR 4s for a client who has income from commission and brokerage. he also earns interest on FD. gross total income is below taxable limit. does 8% limit can be applied in this case.
Profile Image

CA MANISH SAXENA

Profile Image

CA MANISH SAXENA (Expert)
30 March 2016 Yes you can fille itr!
Profile Image

Jaymin Sabhaya

Profile Image

Jaymin Sabhaya (Expert)
30 March 2016 As per my view - - -
Following persons are not eligible to avail any benefit under section 44AD
1. A person carrying on profession as referred to in section 44AA(1)
2. A person earning Income in the nature of commission and Brokerage
3. A person carrying on agency business
4. A person who is in the business of plying, hiring or leasing goods carriages.
Therefore you can not file ITR 4S.
Profile Image

Murtaza I Bhagat

Profile Image

Murtaza I Bhagat (Expert)
30 March 2016 ITR 4 have to be filed for income from Commission & Brokerage.
Profile Image

Jaymin Sabhaya

Profile Image

Jaymin Sabhaya (Expert)
30 March 2016 Agree with Murtaza Bhagat sir.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
ARTICLESHIP 05 May 2026
ARTICLED ASSISTANT

JS ADVISORS

New Delhi

CA Inter

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details