Itr filing
This query is : Resolved
30 July 2014
If any person having only 194 J income & interest income can he file return without making book of accounts under which ITR he opt ITR 4 or ITR 4S
Can he prepare PL accounts with BS for taking refund.
Sandeep kumar
9811578637
Can he prepare PL accounts with BS for taking refund.
Sandeep kumar
9811578637
30 July 2014
itr4s is not permissible but itr 4is applicable and select without maintaining books
Message likes :
1 times
30 July 2014
if he have 194J income it is necessary to prepare the books of account and P/L a/c and balance sheet. u/s 44AA.
Message likes :
1 times
30 July 2014
you need to follow 44AA and 44AB. if you are not in professions covered un 44AA(1), and where the income exceeds Rs 1.2 lakhs or gross receipts exceed Rs 10 lakhs , then accounts are to be maintained. otherwise not.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- House Property Reporting in ITR
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Refund of 20%pre-deposit paid for stay application
- Rent lease agreement
- TDS Challan Code
- Relief u/s Section 89
- Nomination of Bank for refund in itr 2
- GST Rate applicable for 0% Food Items sold by an Industrial Caterer
- STCG on ETF gold & silver
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
