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
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
Also Inform labour charges received from plumbing work is also can we consider under 44AD?
yes you can file your client return U/s. 44AD.
Dear,
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.
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.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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