Whether presumptive taxation is aplicable for 194H

prasanth (ipcc) (209 Points)

19 June 2021

I have 194j and 194h income..
I can show 194j under 44ADA
then what about 194H

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6 Replies

CMA Poornima Madhava (CMA) (13112 Points)
Replied 19 June 2021

44AD/44ADA is not applicable in respect of commission income. If commission is trivial, it may be shown as IFOS in ITR4 I think.

prasanth (ipcc) (209 Points)
Replied 19 June 2021

Nearly 8 lacs is there, if I show it as other income. then I wanna claim less tds

CMA Poornima Madhava (CMA) (13112 Points)
Replied 19 June 2021

8 lacs is not trivial. ITR3 is the only option in this case I think.

prasanth (ipcc) (209 Points)
Replied 19 June 2021

Thank u poornima gaaru

CA. Sourav Sarkar (Chartered Accountant ) (24588 Points)
Replied 20 June 2021

File ITR 3 for commission income

veerendar singh (tax consultant) (3306 Points)
Replied 20 June 2021

Commission income cannot be computed under 44ad

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