Question ID :
40810
ITR FORM 4
Hi sir/madam
I have a question regarding of ITR form to be submitted of my client, he is having Commission income under 194D and he dont maintain books of account of Retail business (44AD)
Can i file ITR 4 Or need to fill ITR 3 ?
Posted by
RAGHURAMIREDDY
on
Aug 31, 2020
Filed Under
DIRECT TAXES
ITR4 is not for Commission agents as per my knowledge
Posted by
Mahesh Kumar on
Sep 01, 2020
Answer ID :
80713
ITR 3 will be applicable
Posted by
SUDIP KUMAR MUKHOPADHYAY on
Sep 01, 2020
Answer ID :
80714
ITR 4 IS NOT APPLICABLE IN CASE OF COMMISSION INCOME. ITR 3 HAS TO BE USE FOR THE SAME.
Posted by
SHUBHAM SONI on
Sep 01, 2020
Answer ID :
80721
ITR-3 is applicable in this case
Posted by
CA. chunauti dholakia on
Sep 02, 2020
Answer ID :
80733
Books of accounts has to be maintained in case of Commission Income, therefore Section 44AD cannot be opted. Therefore ITR 4 is not applicable.
Posted by
CA RAVI GARG on
Sep 06, 2020