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Query regarding type of itr form

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Querist : Anonymous

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Querist : Anonymous (Querist)
27 July 2012 please answer urgently..

An individual earning income (Approx Rs.99000) by way of Commission form LIC & this is the only source of his income. his is required to file ITR to get back his TDS. Please specify which return he is required to file with tax dept. In case the ans. is ITR 4 then is it a business income or income from a profession & whether attachment of P&L A/C & Balance sheet is required or not with the itr?

Please give advises..
thanks in advance to all experts
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CA Amit Jaiswal

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CA Amit Jaiswal (Expert)
27 July 2012 LIC agents show their commission under PGBP.
So, relevant form is ITR-4.

Today the returns are filed electronically. So, there is no need of any attachment.
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CA Amit Jaiswal

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CA Amit Jaiswal (Expert)
27 July 2012 Further, for details of books of accounts, you can opt for that portion where regular books of accounts are not maintained and only brief details are required to be filled.
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SANYAM ARORA

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SANYAM ARORA (Expert)
28 July 2012 You can go for ITR - 2 but of you want to claim the expenses then you need to file ITR - 4.
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