Income tax return
This query is : Resolved
Rattan Yadav
(Querist)
02 July 2013
Respected sir,
i am a property dealer and my income for year 2012-13 is rs.726625 ang gross receipts is Rs.1127000
Please tell which return form should i file.AM i liable for Audit??
i am a property dealer and my income for year 2012-13 is rs.726625 ang gross receipts is Rs.1127000
Please tell which return form should i file.AM i liable for Audit??
02 July 2013
ITR-4 is the recommended form. Audit of accounts is not mandatory.
02 July 2013
Yes ITR-4 is to be filed by you.
Rattan Yadav
(Querist)
02 July 2013
Thank you sir for your reply.
I want to ask one more thing whether propery dealer comes under business or profession?? some one said i have to register under service tax , is it correct??
I want to ask one more thing whether propery dealer comes under business or profession?? some one said i have to register under service tax , is it correct??
CA UMESH DULAL
(Expert)
02 July 2013
What type of income you are receiving, is it commission on sale/rental of property
or are you on business of sale of purchase of property.
If your income is commission income then, you have to file ITR-4.
If you are on sale/purchase of property, you may file ITR-4S as it will reduce your tax liability.
or are you on business of sale of purchase of property.
If your income is commission income then, you have to file ITR-4.
If you are on sale/purchase of property, you may file ITR-4S as it will reduce your tax liability.
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