Income tax

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Querist : Anonymous

Querist : Anonymous (Querist)

11 July 2012 Pl reply me urgent.
My TDS deducted u/s 194h also i have salary income. under 194 h tds deducted Rs 3500.
Pl guide me which income tax return i should file? ITR 2 or ITR 4? is it neceessary to maintain books of accounts?
Thanks in advance...

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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11 July 2012 Since you have commission income, you will file ITR 4.

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Querist : Anonymous

Querist : Anonymous (Querist)

11 July 2012 Can i also maintain books of a/cs? which type of exp i will show?
For which ITR 2 file?

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CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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11 July 2012 Yes you can maintain books of accounts, you can show all expenses incurred to earn this income.

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CA CS Amit S. Kedia

CA CS Amit S. Kedia (Expert)
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11 July 2012 Statutorily you are not required to maintain the books of accounts however if you want to claim the expenses then you should maintain the records to substantiate the claim.

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