Itr4
This query is : Resolved
28 July 2013
Dear Sir,
There is an assessee who works in merchant navy and they are deducting 10% on his payment u/s 194J. His total payment in fy 2012-12 is Rs. 202000/- and besides this he has no other sources of income. Deductor has issued him form 16A for all four quarters.
In this case assessee is not claiming any kind of expences and he will show the whole payment as his income.
While filing itr4, whether the option of no account case can be opted, as assessee is not claiming any kind of expences and he has work with a single concern.
Please advise me.
There is an assessee who works in merchant navy and they are deducting 10% on his payment u/s 194J. His total payment in fy 2012-12 is Rs. 202000/- and besides this he has no other sources of income. Deductor has issued him form 16A for all four quarters.
In this case assessee is not claiming any kind of expences and he will show the whole payment as his income.
While filing itr4, whether the option of no account case can be opted, as assessee is not claiming any kind of expences and he has work with a single concern.
Please advise me.
28 July 2013
No account case can't be opted by virtue of section 44AA(2)(i) of the Income tax Act,1961.
28 July 2013
If The assessee is not claiming any expenidture and except form 16A and bank passbook he does not have any other account maintained. Then what else department can ask to produce?
28 July 2013
Books of accounts details are given in Rule 6F(2).
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