Treatment of commission income through recharges etc.


This query is : Resolved 

(Querist)
08 July 2017 Hello Sir.
My Client has a shop. He is doing mobile recharges and SIM activation. For this He gets commission on which TDS u/s 194H gets deducted. Now to claim refund of that TDS Which income tax return form should be filed ITR1 OR ITR3. Please suggest. the Purpose of filing return is to get refund only.

09 July 2017 please file ITR - 3..............

Tarun Booti (Querist)
17 June 2018 What about filing ITR 4

17 June 2018 commission income is not covered under 44AD/44ADA

Tarun Booti (Querist)
17 June 2018 yes you are right, thank ;you
i will come back again if i find any issue
Thank You So Much!!

18 June 2018 you are most welcome.....

Tarun Booti (Querist)
18 June 2018 am i required to maintain books if i follow above process. Income does not exceed maximum amount not chargeable to tax

18 June 2018 only if you are required under 44AA. otherwise no.

Tarun Booti (Querist)
18 June 2018 If if follow above process Sec44AD(4) shall apply on me. which says if i opt out from sec 44AD then i can not opt for next 5 assessment years and if my income exceed maximum amount not chargeable to tax then i am required to maintain books of accounts. Is my interpretation correct?

18 June 2018 you are not covered under 44AD. we already discussed that. didn't we?

Tarun Booti (Querist)
18 June 2018 DEAR SIR
AS PER LAW I AM NOT COVERED. BUT AS PER PRACTICE I HAVE BEEN FILING ITR for preceding Financial years under Sec 44AD only. Now if in this financial year i will file ITR 3 that means i am moving to Normal Taxation hence 44AD(4) shall apply on me

18 June 2018 dear Tarun, I am sorry. I only understand the law.

Tarun Booti (Querist)
18 June 2018 No Problem, Alright Thank You so much!

Tarun Booti (Querist)
23 June 2018 Hello Sir

Assessee owns a building in which ground floor is used by him for his business and first floor is given on rent for residential purpose, what would be the treatment of rent received?
Thanks
Warm Regards


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
Featured ARTICLESHIP 06 October 2026
Semi Qualified

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
26 September 2026
Chartered Accountant

pushpganga ventures

Pune

CA

View Details
Company
14 October 2026
GST & TDS ASSISTANT

AGGARWAL SANJAY & ASSOCIATES

New Delhi

B.Com

View Details
Company
ARTICLESHIP 28 September 2026
Junior Accountant

J S P M & Associates LLP

Pune

B.Com

View Details
Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
ARTICLESHIP 20 October 2026
CA ARTICLE

AMKN & CO

Noida

CA Inter

View Details
Company
10 October 2026
Accounts Associate Level 1

Abic and Mani Chartered Accountants

Kottayam

B.Com

View Details
Company
ARTICLESHIP 07 October 2026
Article Trainee/ CMA Trainee

RMA And Associates LLP

New Delhi

CA Inter

View Details