Filing of income tax return in form 4s and 4
This query is : Resolved
vinaykumar deshpande
(Querist)
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
SANYAM ARORA
(Expert)
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.
vinaykumar deshpande
(Querist)
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
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