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Itr filled in form 4s

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(Querist)
03 February 2012 a LIC agent earns gross commission is Rs. 145000/-. he has shown his total income Rs. 118000/- and submitted ITR in Form No. 4S for the FY 2010-11 AY 2011-12. what will be the net effect for this error ?
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Dintakurthi Tirumala

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Dintakurthi Tirumala (Expert)
03 February 2012 I don't found any error. As per section 44AD minimum income should be 8% on gross Receipts i.e Rs.11,600 only but he offers Rs.1,18,000 i.e more than minimum requirement so no mistake or error found.
OM SAI SRI SAI JAI JAI SAI
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