Treatment of commission income through recharges etc.


This query is : Resolved 

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..............

17 June 2018 What about filing ITR 4

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

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.....

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.

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?

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.

18 June 2018 No Problem, Alright Thank You so much!

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


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