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Which form should be filed

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157 Points Posted on 13 September 2020
i am having income in 44 AD and i am showing my commission income in other sources on which tds is deducted.which form will be filed
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On 13 September 2020 at 17:08 Report
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3924 Points Posted on 13 September 2020
44AD - ITR4 not applicable to commission Income .
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On 13 September 2020 at 17:28
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Profession Business
28207 Points Posted on 13 September 2020
Income in 44AD MEANS..
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On 13 September 2020 at 17:33
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7 Points Posted on 13 September 2020
44AD is a section give a relief to small taxpayer. They can declare the income at a prescribed rate. Your turnover must be less than Rs 2 crores. Your NET income shall be considered as 8% of your turnover (net income will be considered 6% in case of digital receipts like cheque etc.)
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On 13 September 2020 at 19:18
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1102 Points Posted on 13 September 2020
Sec 44AD is presumptive Income
As per this sec any taxpayer whose turnover is below 2cr.simply show profit 8/6% there is no need to make proper books,

As sec 44AD is not applicable on Commission Income or exception of sec 44AD then You should file ITR3 and maintain the proper books of accounts
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On 13 September 2020 at 21:02


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