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CLARIFICATION OF ITR

This query is : Resolved 

28 May 2009 SIR/MADAM

1.AN INDIVIDUAL ASSESSEE HAS RECEIVED RS. 1,60,000 L.I.C. COMMISSION DURING THE F.Y. 2008-09. AFTER DEDUCTING HIS SAVINGS US 80C HIS TOTAL INCOME BELOW THE THRESH HOLD LIMIT IN THIS CASE MY DOUTS IS
1. WHICH ITR FORM IS FILING TO HIS
2. HE IS LIABLE FOR BOOKS PREPARION DURING THE F.Y. 2008-09

2. BOOKS OF ACCOUNTS IS MAINTENANED IS MANADTORY IN INDIVIDUAL CASES HOW MUCH



31 May 2009 If you are treating it business then ITR-4 will be used and if treating other income, then ITR-2 will be used.


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