i have recived 90 lakh as per tds u/s 194h can i declare turnover in 44AD or 44AA
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90 lakh reciept as per tds u/s 194h can i declare in 44Ad
Replies (5)
Quick Summary
No , Can not opt Section 44AD of the income tax Act ( presumptive Taxation) to file ITR 4 , because as per section 44AD(6)(ii) , provision of this section shall not applicable to those who have earned income in the nature of Commission & Brokrage ( please confirm) .
It's look like that you have earned income from Commission & Brokerage, therefore section 44ADA also not applicable, because this section is for professional Income. So both this section are not applicable.
I think you can file ITR3 .
Take more opinion on this
No , Can not opt Section 44AD of the income tax Act ( presumptive Taxation) to file ITR 4 , because as per section 44AD(6)(ii) , provision of this section shall not applicable to those who have earned income in the nature of Commission & Brokrage ( please confirm) .
It's look like that you have earned income from Commission & Brokerage, therefore section 44ADA also not applicable, because this section is for professional Income. So both this section are not applicable.
I think you can file ITR3 .
Take more opinion on this
No , Can not opt Section 44AD of the income tax Act ( presumptive Taxation) to file ITR 4 , because as per section 44AD(6)(ii) , provision of this section shall not applicable to those who have earned income in the nature of Commission & Brokrage ( please confirm) .
It's look like that you have earned income from Commission & Brokerage, therefore section 44ADA also not applicable, because this section is for professional Income. So both this section are not applicable.
I think you can file ITR3 .
Take more opinion on this
No , Can not opt Section 44AD of the income tax Act ( presumptive Taxation) to file ITR 4 , because as per section 44AD(6)(ii) , provision of this section shall not applicable to those who have earned income in the nature of Commission & Brokrage ( please confirm) .
It's look like that you have earned income from Commission & Brokerage, therefore section 44ADA also not applicable, because this section is for professional Income. So both this section are not applicable.
I think you can file ITR3 .
Take more opinion on this
Agree with Prasad Nilugal ji
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