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Commission Income

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Proprietor
538 Points Posted on 30 September 2020
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
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On 30 September 2020 at 13:37 Report
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GST Practitioner & Accounts
15093 Points Posted on 30 September 2020

Provisions of Section  44AD of the Income Tax act 1961 ,   not  applicable  to commission income . 

please  confirm with others also. 

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On 30 September 2020 at 14:26
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155 Points Posted on 30 September 2020
A person earning income in the nature of commission or brokerage is not eligible to avail ant benefit under section 44AD.
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On 30 September 2020 at 16:34
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61 Points Posted on 30 September 2020
First of all you verify your 26AS, in which section TDS is deducted.
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On 30 September 2020 at 22:22


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