Irt 4s

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Querist : Anonymous

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Querist : Anonymous (Querist)
05 May 2012 my commission income 20.00lacs in 2011-12
i submited itr 4S or not my net income is 20% Rs 4.00 lacs if not that book of account maintane or not audit require of not

05 May 2012 No audit is required in your case..

You have to file ITR-4S

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Querist : Anonymous

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Querist : Anonymous (Querist)
05 May 2012 budget 2012 commission income canot use itr 4s from 2011-12 they use itr 4

09 May 2012 Section 44AD is not applicable to commission income. Accordingly you will have to file your return using ITR 4.

You will have to maintain books of accounts. However, you are not required to get your accounts audited.


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