In FY 2017-18 my friend has income from salary and commission income. But wrongly filed ITR-4 U/s 44 AD. Which is wrong because commission income can not be filed by ITR-4. Return is already processed.
In FY 2018-19 he has only Commission income now how can we show our commission income? and in which ITR form ??
Because if we opt out from presumptive basis and our income is more than basic exemption limit then we require to do Tax Audit.
plz solve my problem
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sec 44ad & commission
Replies (5)
if the income from commission u can go by itr 1 under other sources....crct me if am wrng
but commission is the main source of income
how can we show in other sources
how can we show in other sources
then prepare pandl and bs ....and file itr3
what about tax audit
good clarification and information
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