Which return should be file 4s or 4???

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
30 July 2016 one of my friend received commission of Rs 75800/- under section 194 H..

He has not maintain has books of account..

so in this cas which return should be file??


30 July 2016 Presumptive return cannot be filed for commission. Hence, your friend has to file ITR4.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
30 July 2016 Thank you Pavan sir..
can i file ITR 4 under book of account not maintain???

30 July 2016 You may file ITR4.

In your case the books of account are required to maintain if the turnover exceeds rupees ten lakhs or income exceeds rupees one lakh twenty thousand.

Refer section 44AA of the Income Tax Act, 1961.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
30 July 2016 ok sir....thank you...

30 July 2016 if Commission amount is negligible you can file ITR-1 also under income from other sources


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro

Follow us
add to google news


Answer Query



Company
06 July 2026
Senior Accountant

Arvindkumar Maniar & Co.

Rajkot

CA

View Details
Company
Featured 16 July 2026
Semi Qualified Company Secretary

Vakilsearch.com

Chennai

CS

View Details
Company
ARTICLESHIP 27 June 2026
Article

SNCO

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 15 July 2026
CA Articles

Kinjal H Shah & Co.

Mumbai

CA Foundation

View Details
Company
ARTICLESHIP 30 June 2026
Article Assistant or Paid Assistant

VIKAS VERMA & CO

New Delhi

Others

View Details
Company
ARTICLESHIP 28 June 2026
Article Assistant

Sharma Chetan And Company

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 16 July 2026
Article Assistant

Sahil Agarwal & Company

Mumbai

CA Inter

View Details
Company
Featured 16 July 2026
CA Inter, CA Intermediate, CA IPCC, CA CPT, CA SemiQualified

Vakilsearch.com

Chennai

CA Inter

View Details