Dear All,
Commission Agent (Stock Broking) can adopt sec 44 AD for filling Income Tax Return under presumptive Income. which ITR has to be filled Commission Agents (ITR - 3 or ITR -4).
Please Clarify...
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COMMISSION AGENT - STOCK BROKING
Replies (3)
Quick Summary
Section 44 AD of Income Tax act not applicable to commission agent's . so ITR4 not applicable.
Commission and Broking business are outside the purview of section 44AD therefore u can not opt presumptive taxation regime in this case.
Commission and Broking business are outside the purview of section 44AD therefore u can not opt presumptive taxation regime in this case.
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