Which ITR to use?
This query is : Resolved
Satvir Singh
(Querist)
20 May 2010
A person is having income from insurance commission & agriculture income. Which ITR form should be filled for this assessment year?
CMA.Palani Arumugam
(Expert)
20 May 2010
Insurance commission will be treated as business income. Accordingly ITR-4 should be filed.
CA Gangadhar Mishra
(Expert)
20 May 2010
agree
Satvir Singh
(Querist)
20 May 2010
Thanks, sir.
total income is about 3-4 lacs. I don't think there is any need to keep proper accounts.
Am I correct? Can u please cite any section?
total income is about 3-4 lacs. I don't think there is any need to keep proper accounts.
Am I correct? Can u please cite any section?
CMA RV Padmakumar.A
(Expert)
20 May 2010
ITR 4
..Sec 44AA
Sec 44AA tells keep books , so as to assess the income by the assessing officer
so you can keep/show books when AO asks you to produce books..
..Sec 44AA
Sec 44AA tells keep books , so as to assess the income by the assessing officer
so you can keep/show books when AO asks you to produce books..
Lalit aggarwal
(Expert)
24 May 2010
itr -4
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