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Rajshekhar S Choudgund (Audit Assistant)     11 July 2014

Lic commission - sec 44ad

Hi Freind,

One of my client had income from LIC Commission, can IT return for AY 2014-15 be filed U/s 44AD.

pls let me know as early as possible

 9 Replies

Deepak Tapse

Deepak Tapse (Accounts Manager - Taxation)     11 July 2014

Also Inform labour charges received from plumbing work is also can we consider under 44AD?

saurabh shahu

saurabh shahu (Audit Assistant)     11 July 2014

yes you can file your client return U/s. 44AD.

sushil kumar

sushil kumar ( CA Final-Audit Assistant)     11 July 2014


Income from Commission, Brokerage, agency business and professional income are specifically excluded from presumprtive basis i.e. u/s 44AD. Hence You can't file return u/s 44AD.

1 Like

razz (nd)     11 July 2014

Agree with sushil kumar.... You will get adhoc deduction on lic commission....refer sec 57...avail deduction
Tribhuvan Aditya Singh

Tribhuvan Aditya Singh (Student as well as Self-employed)     11 July 2014

cant file return u/s 44ad.

maharaj (accountant)     11 July 2014

Agree with Mr. susil kumar. If only income from LIC commission then file return IT4 and there has option to select code under General commision agent.

So go ahead.

syed kalimuddin

syed kalimuddin (article assistent)     13 July 2014

You can file ITR 4S if commissin received if upto Rs. 60000 otherwise you need to submit ITR 4.

i.k.patel (tax consultant)     13 July 2014

yes, labour charges received from plumbing work can be considered under 44AD.


maharaj (accountant)     13 July 2014

Dear Mr. Syed please convey the reference or notice or circular number to me about upto Rs,60000 commission can file return in IT4S. Please revert.

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