Opt income tax section 44 ad

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33 Points Posted on 03 September 2021
Hello
we are carrying commision income during the year

So,
can we opt under section 44 (ad) of income tax?

and buyer had deduct the
tds under section 194 (h)
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On 03 September 2021 at 20:06 Report
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Quick Summary
This discussion clarifies whether commission income can be declared under Section 44AD of the Income Tax Act. The consensus is that Section 44AD is not applicable for commission-based earnings, even if TDS has been deducted under Section 194(h). It's important to refer to the specific provisions of Section 44AD for accurate tax filing.

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CMA
13117 Points Posted on 03 September 2021

No, 44AD cannot be opted in case of commission income.

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On 03 September 2021 at 20:11
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33 Points Posted on 03 September 2021
If any notification
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On 03 September 2021 at 20:16
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CMA
13117 Points Posted on 03 September 2021

Refer section 44AD of income tax act.

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On 03 September 2021 at 20:18
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Chartered Accountant
24588 Points Posted on 03 September 2021
No you cannot opt for 44ad
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On 03 September 2021 at 20:54

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