Itr filing
This query is : Resolved
sandeep gupta
(Querist)
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
Rupesh Jain
(Expert)
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
Nikhil Kaushik
(Expert)
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
- Depreciation Chart Companies Act
- EPF ECR NEW FILE SEP 17TH 2026
- Capital Gail Exemption Certificate
- GST on Renting godown to KFCSC for Storage of Raagi
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- TAX AUDIT ON PROFESSIONAL INCOME
- Utilisation Fy 25-26 TDS challans in Fy 26-27 TDS Return
- Import of Software Service.
- Capitalgain tax purposes for valuation report compulsory
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
