Maintenance of books of accounts u/s 44aa
This query is : Resolved
Syed Ghouse Pasha
(Querist)
03 September 2013
HI experts
if salary income is 6,00,000/-
and commission receipts are 26,000/-
whether balance sheet and p&l account details should consists of only commission receipts or both salary and commission receipts for filing income tax return
if salary income is 6,00,000/-
and commission receipts are 26,000/-
whether balance sheet and p&l account details should consists of only commission receipts or both salary and commission receipts for filing income tax return
CMA Ramesh Krishnan
(Expert)
04 September 2013
No need to file the p&l, balance sheet, incase commission received from employer the same can be treated as salary only
Syed Ghouse Pasha
(Querist)
05 September 2013
no sir its received from other than employer, (thanks for your reply sir)....
CMA Ramesh Krishnan
(Expert)
05 September 2013
let me know the commission nature pls..
Syed Ghouse Pasha
(Querist)
06 September 2013
COMMISSION ON SALE OF AMWAY PRODUCTS U/S 194H
CMA Ramesh Krishnan
(Expert)
06 September 2013
Even now also no need to of filling p&l & balance sheet. since the commission income not crossed the limit u/s.44AA. salary income not covered under sec.44AA
Message likes :
1 times
Syed Ghouse Pasha
(Querist)
07 September 2013
thank you so much sir.... i have to file itr 4 right, in which this commission receipts has to be shown in NO ACCOUNT CASE COLUMN am i right?
Syed Ghouse Pasha
(Querist)
07 September 2013
thank you so much sir.... i have to file itr 4 right, in which this commission receipts has to be shown in NO ACCOUNT CASE COLUMN am i right?
CMA Ramesh Krishnan
(Expert)
07 September 2013
yes. you are right, you can show as no account case in ITR-4
Message likes :
2 times
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
- Gst credit note by supplier
- Movement of goods by packers and movers - type of sale - Reg.
- GST on reimbursement of expenses
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Missed uploading GST Invoice
- Query on effect of registration of property
- Gratuity paid to legal heir above 20 lakh is taxable or not
- Wrong CMPo8 file
- Equity Share Sale and Purchase
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
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
