becker cpa

Updated CA/CS/CMA Online/Pendrive/Download classes available for May 21/ Nov 21 attempt. Call: 088803-20003

coaching
Prodamy

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

44 Ad + commission income


Himanshu (student)     01 March 2020

Himanshu
student 
 2 likes  50 points

| My Other Post
1.Respected members! If I have to business one is covered in 44 AD and second is general insurance.
2. I am filing itr 3 and showing in itr 44 AD income in presumptive income column and
in column (no account) I am showing commission income and expenses.
Is it correct action?
vamsi krishna

vamsi krishna (article student)     01 March 2020

vamsi krishna
article student 
 11 likes  280 points

View Profile | My Other Post
The course of Action you had taken is within the laws. The presumptive business income to be shown in the Presumptive income column & Commission income for which Presumptive does not apply which needs to be shown in the Column of (No Books) .. Pls check the provision of maintenance of books of accounts in your case

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  



Related Threads


Loading


Trending Tags