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Commission income

Others 340 views 3 replies

A person has get commission income (194H). his gross receipts are 700000. can i file Presumptive Income Under 44ADA (50% of gross receipts)

Replies (3)
No sir.
44ADA is not applicable to commission income.
Even 44AD is also not applicable.
So file ITR 3 with full BS and P&L Account.

thnq sir

Both Section 44AD and 44ADA of the Income Tax Act 1961 is not applicable for Commission Income.


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