banner_ad

WHICH ITR APPLICABLE

Others 219 views 7 replies
User Avatar

60 Points Posted on 03 July 2019
My friend given consultancy for getting loan from bank for various types of business person.
In last year AY 2018-19 he has filed ITR-4 U/S 44 AD.
My question is whether sec 44AD applicable or 44ADA ???
He has received commission/brokerage from Bank and some time also from client.
0 Reply Share Follow
On 03 July 2019 at 20:36 Report
Replies (7)
User Avatar

Accountant
3479 Points Posted on 03 July 2019
you can file ITR 3
Reply
On 03 July 2019 at 21:42
User Avatar

60 Points Posted on 03 July 2019
but if I want to go with presumptive basis then which one 44AD or 44ADA. ???
Reply
On 03 July 2019 at 22:06
User Avatar

Accountant
3479 Points Posted on 03 July 2019
No, you can't file ITR u/s 44AD or 44ADA (Commission income not covered)
Reply
On 03 July 2019 at 22:10
User Avatar

295 Points Posted on 03 July 2019
44AD is not applicable for commission or brokerage income.

you can file ITR1 and show it under the column income from other source but in ITR1 you can not claim expense or you can file ITR3 and can claim expense.


see the 26AS first in which section TDS has been deducted.
Reply
On 03 July 2019 at 22:26
User Avatar

Accountant
3479 Points Posted on 03 July 2019
No, you can't file ITR under section 44AD
Reply
On 03 July 2019 at 22:50
User Avatar

60 Points Posted on 04 July 2019
what is the nature of business??
Reply
On 04 July 2019 at 08:12
User Avatar

7059 Points Posted on 04 August 2019
good clarification and information
Reply
On 04 August 2019 at 07:46


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topic

More recent discussions | Post

Related Topics
Loading

Latest Job Openings

View all
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details