section 44AD

Share This Thread
  1. Hi Professional colleagues ,

    I have a query regarding business which does not come under purview of sec 44AD of I T Act 1961.
    My tds has been deducted u/s 194H i.e commission. As sec 44AD does not apply on plying , hiring and leasing of goods. So can I file my return u/s 44AD as I have commission income. Need practical solution.

  2. Samkit Mepani

    Samkit Mepani New Member

    Section 44AD clearly state that an eligible assessee can declare income under section 44AD. However an assessee earning brokerage or commission is not an eligible assessee to declare his income under section 44AD. So, you can not file return in section 44AD.
Draft saved Draft deleted
Similar Threads Forum Date
Section 44ADA- Presumptive Taxation. Income Tax Jul 23, 2018
Does Google Adsense income falls under section 44AD ? Income Tax Jun 21, 2018
Equity income when filing under Section 44ADA Income Tax May 8, 2018
Professional under Section 44ADA Income Tax Mar 16, 2018
section 44ad/ 44ada Income Tax Mar 4, 2018