Income tax
This query is : Resolved
AVNEESH KUMAR
(Querist)
19 August 2012
a person is agent of lic. he received total commission Rs. 350000 so tds has been deducted Rs. 35000. now he want to fill return.
additional information is-:
Deduction of 80C available - 55000
he want to claim exp. - 115000
he want tax liability - nill
he want refund - toatal 35000
he is earning same amout from last two a/y
Please provide us-
1- which ITR is required
2- Can I file Itr 2,and i can claim exp.
3- if I file itr 4 than balance sheet and p/l is mandary or not
4- if i file itr 4 how much capital can take
5- if i file itr 4 what is business category
email- avneesh.bibhu@gmail.com
additional information is-:
Deduction of 80C available - 55000
he want to claim exp. - 115000
he want tax liability - nill
he want refund - toatal 35000
he is earning same amout from last two a/y
Please provide us-
1- which ITR is required
2- Can I file Itr 2,and i can claim exp.
3- if I file itr 4 than balance sheet and p/l is mandary or not
4- if i file itr 4 how much capital can take
5- if i file itr 4 what is business category
email- avneesh.bibhu@gmail.com
Praveen Kumar Rathi
(Expert)
19 August 2012
1. ITR 4
2. No ITR 2
3. Yes
4. Capital from aggregate of previous income tax returns.
5. business code 0714 Other.
2. No ITR 2
3. Yes
4. Capital from aggregate of previous income tax returns.
5. business code 0714 Other.
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