Commission Income
If a person is trading in goods. He is also earning some amount of commission related to his business. In Commission TDS is also deducted. Now my question is whether he can file return u/s 44AD
Replies (3)
Quick Summary
Provisions of Section 44AD of the Income Tax act 1961 , not applicable to commission income .
please confirm with others also.
A person earning income in the nature of commission or brokerage is not eligible to avail ant benefit under section 44AD.
First of all you verify your 26AS, in which section TDS is deducted.
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