Menu
Commission agent income
If you are filing ITR 4 Under section 44AD of the Income Tax act 1961 , same is not applicable to commission agent please refer ( Section 44AD (6) (ii) )
As per Income Tax, ITR 3 will be suitable for commission agent (Income is under Business & Profession). IT Department can declare ITR-4 as defective.
| Originally posted by : Surbhi sharma | ||
 |
what if they are life insurance agents getting commission income and show in ITR-4 Under income from other sources and not under 44AD
ITR 4 Is only applicable to presumptive Taxation Section 44AD , 44ADA , 44AE under income Tax act 1961 |
 |
Recent Topics :
Related Topics :
Article/ Paid Assistant
Murali and Sumeet Chartered Accountant
Bengaluru
CA Foundation
View Details
Audit Executive
RBSM Corporate Advisors Private Limited
Pune
CA
View Details
Semi-Qualified Assitant
Subrahmanyam & Sivudu CA Firm
Hyderabad
CA Inter
View Details
CA Article Assistant
KK & Company Chartered Accountant
Pune
CA Inter
View Details
CCI
Pro
CAclubindia
