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.
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WHICH ITR APPLICABLE
Replies (7)
you can file ITR 3
but if I want to go with presumptive basis then which one 44AD or 44ADA. ???
No, you can't file ITR u/s 44AD or 44ADA (Commission income not covered)
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.
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.
No, you can't file ITR under section 44AD
what is the nature of business??
good clarification and information
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