03 January 2014
Dear Sir, An assessee whose gross receipt in AY 2013-14 are Rs. 8 lacs and his Net profit u/s 44AD is rs. 120000/- and besides this he has agriculture income of Rs. 3.5 lacs.
As his agriculture income is above 5000/- then itr 4 is applicable in his case. Now please advise me while filling General sheet of itr 4, there is a col. - " Whether liable to maintain a/c or not " here I should select Yes or not. Please clarify.
CAclubindia
