Which itr's for best me without maintane books of accounts

260 views 3 replies

shanty

Accountant

26 Points Joined June 2016

I am doing some part time ACCOUNTS work a various shops and my home apart from my regular Full time job. My Full time job employer not deducts any TDS on my Salary. I have given below my Salary and part time particulars. Salary recd. from Employer by Cheques. 16000 PM = 192000.00 Part time account work income Recd. By Cash (By Various shop keepers) = 151200.00 Expenses for part time job work:- Petrol exp: - 56200 Telephone exp: - 2560 Bike repair & maintenance 12600 Stationery 1686 Lic 6205 Bike depreciation 6750 Dear Sir, I am not maintained any books of accounts. I have already submitted my last 3 years ITR 4S under section 44AD under head 0714-Service Sector-Others. Please suggest me it is right or not and this Assessment year 2016-17 which ITR’s form right for me. ITR 4 ITR4s ITR 1 Thanks and regards Shanty...

Replies (3)

shanty

Accountant

26 Points Joined June 2016

Originally posted by : shanty
	I am doing some part time ACCOUNTS work a various shops and my home apart from my regular Full time job. My Full time job employer not deducts any TDS on my Salary. I have given below my Salary and part time particulars. Salary recd. from Employer by Cheques. 16000 PM = 192000.00 Part time account work income Recd. By Cash (By Various shop keepers) = 151200.00 Expenses for part time job work:- Petrol exp: - 56200 Telephone exp: - 2560 Bike repair & maintenance 12600 Stationery 1686 Lic 6205 Bike depreciation 6750 Dear Sir, I am not maintained any books of accounts. I have already submitted my last 3 years ITR 4S under section 44AD under head 0714-Service Sector-Others. Please suggest me it is right or not and this Assessment year 2016-17 which ITR’s form right for me. ITR 4 ITR4s ITR 1 Thanks and regards Shanty...

shanty

Accountant

26 Points Joined June 2016

Originally posted by : shanty

please any body clerification regarding point no. 53 of ITR's 4

CA MANISH BINDAL

CHARTERED ACCOUNTANT

535 Points Joined July 2014

section 44AD is not applicable on:-

1) A Person carrying on profession.

2) A person earning income in the nature of commission or brokerage

3) A person carrying on agency business.

Hence you are not falling in any of the case above you are eligible for showing your income as per section 44AD. And hence can file ITR4S. And LIC which you are claiming under expenditure it will be claim under deduction under section 80c