Itr form selection

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

16 August 2016 Dear Experts,

I am a LIC agent earning a commission income of around Rs 4.2 Lacs. Which ITR is to be used for the AY 2016-17.

CS Nadeem Ahmed Siddique

CS Nadeem Ahmed Siddique (Expert)
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16 August 2016 You are required to file your return in ITR-4

Querist : Anonymous

Querist : Anonymous (Querist)

18 August 2016 Thanks for your reply. I am not maintiaining any books of account. Will it be an issue if I select to "No" to the question whether liable to maintain books of accounts as per section 44AA?

Querist : Anonymous

Querist : Anonymous (Querist)

18 August 2016 Please revert at the earliest

CS Nadeem Ahmed Siddique

CS Nadeem Ahmed Siddique (Expert)
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18 August 2016 If you are not liable to maintain accounts select "NO"... But fill in the details regarding "Amount of total cash balance you held" in Part A-BS, serial number 6 (d) and other details as asked in Part A-P&L serial no 53 (a) (b) (c) & (d) in the ITR-4.