Filing of income tax return in form 4s and 4
This query is : Resolved
30 July 2012
As per my understanding IT returns in 4S Form is for presumptive business in addition to salary.
and Form 4 is for business
I am getting salary of Rs.6,000/- per month i.e. Rs.72,000/- per year so no Tax Deducted.
+ I am got commission of Rs.65000/- on sales of some products during the same year and 10% i.e Rs.6,500/- deducted (TDS) and Form 16A recd. so my total income is 72,000/- + 65000/- =137000/- I have to file it return to claim refund of Rs.6,500/- TDS.
Whether I should Use Form 4 or Form 4S
and Form 4 is for business
I am getting salary of Rs.6,000/- per month i.e. Rs.72,000/- per year so no Tax Deducted.
+ I am got commission of Rs.65000/- on sales of some products during the same year and 10% i.e Rs.6,500/- deducted (TDS) and Form 16A recd. so my total income is 72,000/- + 65000/- =137000/- I have to file it return to claim refund of Rs.6,500/- TDS.
Whether I should Use Form 4 or Form 4S
30 July 2012
Itr 4 needs to be filed
Message likes :
1 times
12 August 2012
4S will come into play only when you have income under section 44AD and 44AE.
17 August 2012
if I need to fill up ITR4, I need to have this form of 21 pages to fill just my income from salary and commission (No books of account case)and mention NIL / NA in the specified columns which takes lot of time and also waste of A4 size papers to down load.
One side, Railway dept. requesting not to take printout of thickets booked thro net to save A4 size papers(stationery)
being both are Govt depts. why cant a substitute form introduced in place of ITR 4 in such cases of very small information?
or is there any other way?
thanks
One side, Railway dept. requesting not to take printout of thickets booked thro net to save A4 size papers(stationery)
being both are Govt depts. why cant a substitute form introduced in place of ITR 4 in such cases of very small information?
or is there any other way?
thanks
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- DELIVERY GOLD & SILVER AND OTHER ETF TRADING PROFIT AS BUSINESS INCOME
- GSTR-1A How to update Invoice
- Excess salary payment.
- 3cd- cash system of accounting is allowed?
- Provision for loans that are under Revenue Recovery
- APPLICABILITYOF GST ON STUDENT HOSTEL FEES
- Form 121-contradictory opinions
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Stamp Paper for partnership firm change new income tax 2025
- TDS on Purchase of Immovable Property by NRI from NRI
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
