Which itr applicable?

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Parag Prajapati (Querist)

24 July 2013 Income Only from Insurance Commission-194D, income below taxable (Rs.165000/-) and books is not maintain, which ITR form applicable for this?

Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)

24 July 2013 ITR-4, Because of section 44AD clearly indicating Section 44AD doesn't apply for Commission agents and ITR-4S only applicable for the assessees who offering their income u/s 44AD.

So you doesn't comes under section 44AD, so must and should be fill ITR-4.

OM SAI SRI SAI JAI JAI SAI

Parag Prajapati

Parag Prajapati (Querist)

24 July 2013 I will E-file the ITR 4 for Income from Insurance Commission -194D.

I have fill up the income details in Part-A- P&L , Item No.51, a. Gross receipt Rs.165000/- , b.Gross Profit Rs.165000/- & TDS Certificate details in Schedule TDS2 - 4 Qtr.

This ITR 4 Return is correct or not?

Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)

24 July 2013 Yes, it is correct. Assuming you by mistake posted Rs.16500/- for gross receipts instead of Rs. 165000/-.

OM SAI SRI SAI JAI JAI SAI

Message likes : 1 times

Parag Prajapati

Parag Prajapati (Querist)

24 July 2013 Thanks Sir,

Om Sai Sri Sai jai Jai Sai

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