shenba (Teacher) (26 Points)
24 July 2012Hi,
I'm a self employeed, conducting tution to students upto 12th standard. My income is around 1.5 Lakhs for the current year and bank interest is around Rs 10,000. To file the IT return for the A.Y 2012-13 , which ITR form i have to use. ITR 4 or ITR4(S) Sugam ?
Please help me in this regard.
Yajendra Adhikari
(Chartered Accountant)
(334 Points)
Replied 24 July 2012
If u dont wish to maintain books and go for presumptive taxation go for ITR4(S)
otherwise ITR 4
Ganeshbabu K
(Audit and Tax Advisory)
(48564 Points)
Replied 24 July 2012
as your income not exceeds the basic exemption limit i.e,190000,u are not liable to pay tax and file the return
if u want to file a return itr4 applicable
CS RAJESH C.CHOUDHARY
(ASSISTANT MANAGER)
(14607 Points)
Replied 24 July 2012
Dear Shenba,
shenba
(Teacher)
(26 Points)
Replied 24 July 2012
since I have not maintained any book of records and i had expenses on stationary, books, board, etc. i made PPF contribution of Rs 30,000. Which ITR form i have to use ?
Yajendra Adhikari
(Chartered Accountant)
(334 Points)
Replied 24 July 2012
You are not required to file income tax return as you are below taxable limit. If you want, you can fill ITR 4
shenba
(Teacher)
(26 Points)
Replied 24 July 2012
Thanks a lot to Yajendra and Rajesh Choudhary for the immediate response.
Please keep up this good work in helping the public.
Uday
(student)
(23 Points)
Replied 25 July 2012
I filled up ITR-4 yesterday, my company is deducting the TDS under section 194J and issued 16A so i mentioned that in TDS and income mentioned in salary and i dont have any other income the total amount i earned is 1.3 lac and TDS2 is 13000/- only so i have to revised my ITR for showing business income or fine with the salary?
Yajendra Adhikari
(Chartered Accountant)
(334 Points)
Replied 25 July 2012
You hace to revise your income and show the Income as Income from Business/Profession. That is not salary income. Please, revise the income as soon as possible
Mohit Bhandari
(Student)
(22 Points)
Replied 25 July 2012
Sir, my net income chargeable to tax for Asst. Year 2012-12 is Rs. 1,81,480.00/- (after deducting deduction u/s 80C).I have not maintained any accounts books. My nature of business is "General Comm. Agent". I want to know can i file itr 4S...If yes Then under Schedule BP, i have to write Rs. 1,81,480.00/- in E1 and E2 both. Is that right.Please help me.... Thanks
Mohit Bhandari
CAclubindia
