Which ITR to use?


This query is : Resolved 

20 May 2010 A person is having income from insurance commission & agriculture income. Which ITR form should be filled for this assessment year?


20 May 2010 Insurance commission will be treated as business income. Accordingly ITR-4 should be filed.


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?

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..

24 May 2010 itr -4


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