Below taxablew limit
This query is : Resolved
17 August 2012
sir
If the assessee does not maintain books of a/c i.e. income & expenditure a/c, cash books etc and the assessee's income from business below taxable limit then is it possible to fillup itr4 without showing the expenses because he need not to pay taxes? kindly give me replies sir.thanks
If the assessee does not maintain books of a/c i.e. income & expenditure a/c, cash books etc and the assessee's income from business below taxable limit then is it possible to fillup itr4 without showing the expenses because he need not to pay taxes? kindly give me replies sir.thanks
Gaurav Tripathi
(Expert)
17 August 2012
Fill ITR-4S. Its easy and small. You only have to fill only apprx. income.
18 August 2012
sir
thanks for replies.
all the assessee doing business or profession including various agent can fillup itr 4S they need not to show expenses according to above questions? advice me sir.
thanks for replies.
all the assessee doing business or profession including various agent can fillup itr 4S they need not to show expenses according to above questions? advice me sir.
Gaurav Tripathi
(Expert)
18 August 2012
Your welcome...
There is no issue in filling ITR-4S. But why are you are confused.
There is no issue in filling ITR-4S. But why are you are confused.
19 August 2012
sir
I am confused because I have also a answer
that commission holder agent does not fill itr4s they fill up u/s 28 after deducting expenses u/s 37. clear me sir
I am confused because I have also a answer
that commission holder agent does not fill itr4s they fill up u/s 28 after deducting expenses u/s 37. clear me sir
Gaurav Tripathi
(Expert)
19 August 2012
If you have commission income then fill ITR-4 yet in balance sheet and profit & loss a/c.
There are 4 column. If the Clint doesn't maintain books of accounts.
There are 4 column. If the Clint doesn't maintain books of accounts.
20 August 2012
sir
As you said that fill itr4 in no a/c section only four coloum but I come to know
that sec 44aa rule 6F said that the assessee need not maintain booksa of a/c if he has income from business or profession less then 120000 or turnover or gross receipt less then 1000000 and in this case the assessee have gross receipt 190000. I have a answer that you need to maintain of a/c. clear me sir.
As you said that fill itr4 in no a/c section only four coloum but I come to know
that sec 44aa rule 6F said that the assessee need not maintain booksa of a/c if he has income from business or profession less then 120000 or turnover or gross receipt less then 1000000 and in this case the assessee have gross receipt 190000. I have a answer that you need to maintain of a/c. clear me sir.
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