Which form to use? itr 4 or itr 4s?

Efiling 1050 views 4 replies

Sir, I have income earned from Network agent commission which is Rs.120000/=. The whole amount is treated as income. Whether I can file return in ITR 4S? or I have to use ITR-4 (Big one?)? Please reply

Replies (4)

I think you can use ITR 4S. It can be used when you don't have proper books of accounts for your business.

For more details refer https://www.accounting-n-taxation.com/Taxation-Forms.html#itr4

As per section 44AD, a person is not eligible to avail any benefit  under this section if he/she is earning income in the nature of commmssion or brokerage. Hence, you can not file ITR-4S, So, pls file ITR-4 only.

Revert for further clarification if required @ praveen.jain @ icai.org

Regds,

Praveen Jain

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? in revised itr-4 any problem occurs?

 

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


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register