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Itr 4

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Querist : Anonymous

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Querist : Anonymous (Querist)
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.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
03 January 2014 since you have 8 lakhs income which is more then 1,20,00 so sec 44AA is applicable and you need to maintain books of accounts.
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