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itr filing

29 July 2018

Hi sir

There is an commission income from marketing a sum of rupees 370000 on which tds deducted under 194H , not maintaining any books of accounts , can we file ITR 3 as it's taxable under business income ,under option non maintenance of books in itr3

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4 Replies

tushar tarwani (40 Points)
Replied 29 July 2018

if it is treated as business income then ITR 3 is filed but is not treated as business then ITR 2 is filled

sridhar Vaddi (5 Points)
Replied 29 July 2018

whether to be treated as business income or not

tushar tarwani (40 Points)
Replied 29 July 2018

yes if it is fully related to business purpose

Sunil Suni (94 Points)
Replied 31 July 2018

In case of commission income whether related to business or not provisions of section 44AD are not applicable .

However , benefits under section 44ADA can be obtained only if the income is professional in nature otherwise it cannot shown under option of non-maintenance of books.