General commission agents file ITR 3 U/s 44AD

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Tax Consultant
415 Points Posted on 26 July 2019
Respected Experts please suggest me if income earn from general commission, brokerage then can we files Itr 3 u/s 44AD please suggest me
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On 26 July 2019 at 18:22 Report
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"Do the Right Thing...!!!"
128157 Points Posted on 26 July 2019
No... sec 44ad not applicable to Commission Business...
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On 26 July 2019 at 18:27
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SEO Sai Gr. Hosp.
212503 Points Posted on 26 July 2019

Commission agents cannot opt for presumptive assessment u/s. 44AD, They have to maintain books of accounts and offer the income under normal assessment; by filing ITR3.

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On 26 July 2019 at 18:27
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"Do the Right Thing...!!!"
128157 Points Posted on 26 July 2019
No... sec 44ad not applicable to Commission Business...
1 Reply
On 26 July 2019 at 18:28

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