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
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
CA.BHARAT BHUSHAN
(Expert)
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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