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
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
- EPF ECR NEW FILE SEP 17TH 2026
- Gst registered proprietorship firm
- GST Intimation due to Government took possession of Business Premises under PPE Act
- TDS on Fixed Assets purchased
- TDS on purchase of under construction property from a reseller
- Utilisation Fy 25-26 TDS challans in Fy 26-27 TDS Return
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- SALARY CAN BE CAPITALIZE
- Non filing of I T Returns
- Capitalgain tax purposes for valuation report compulsory
- Oct 2025 Invoices
- Under marginal scheme
- Import of Software Service.
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- GST on Renting godown to KFCSC for Storage of Raagi
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
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
