Taxability of commission
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 November 2014
Hi Experts,
I have Income received from the Commission on the share Trading Business as i have the Franchise,
Can i claim the benefit under section 44AD and declare at 8% or else i have to file the Normal ITR 4
I have Income received from the Commission on the share Trading Business as i have the Franchise,
Can i claim the benefit under section 44AD and declare at 8% or else i have to file the Normal ITR 4
20 November 2014
File ITR 4 as you can not file return u/s 44AD with commission income.
20 November 2014
correctly said as sec 44AD is not applicable for those having income from business of commisioning.
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