Menu
estate agents
which ITR should be filled for estate agents and can they claim profit under 44AD
Replies (3)
What is the activity of these agents???
If these agents are general commission agents carrying on agency business they can not opt for 44 AD
These agents are required to submit return in ITR 3.
he earning commission on buying and selling flat
Either he can file ITR-1 - commission income to be shown under income from other sources.
OR
ITR-3-If he is maintaining books of accounts and vouchers and profit after claiming expenses for earning commission income can be shown as his business income under business code " 09005 "
Recent Threads
- Foreign income and bank account
- Unorganised chit amount
- LTCG tax late payment interest
- Post pension deposit in Swiss account
- Max FD super senior citizen can make.
- Capital Gains Tax Bonds
- Timing difference in availment of ITC reporting in
- Import of goods and igst related
- DGFT licence port mismatch with Postal (PAD) impor
- Tax on sale property (Land)
Related Threads
CAclubindia
