Maintenance of books of accounts u/s 44aa

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Syed Ghouse Pasha (Querist)
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03 September 2013 HI experts
if salary income is 6,00,000/-
and commission receipts are 26,000/-
whether balance sheet and p&l account details should consists of only commission receipts or both salary and commission receipts for filing income tax return

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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04 September 2013 No need to file the p&l, balance sheet, incase commission received from employer the same can be treated as salary only

Syed Ghouse Pasha

Syed Ghouse Pasha (Querist)
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05 September 2013 no sir its received from other than employer, (thanks for your reply sir)....

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CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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05 September 2013 let me know the commission nature pls..

Syed Ghouse Pasha

Syed Ghouse Pasha (Querist)
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06 September 2013 COMMISSION ON SALE OF AMWAY PRODUCTS U/S 194H

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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06 September 2013 Even now also no need to of filling p&l & balance sheet. since the commission income not crossed the limit u/s.44AA. salary income not covered under sec.44AA

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Syed Ghouse Pasha

Syed Ghouse Pasha (Querist)
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07 September 2013 thank you so much sir.... i have to file itr 4 right, in which this commission receipts has to be shown in NO ACCOUNT CASE COLUMN am i right?

Syed Ghouse Pasha

Syed Ghouse Pasha (Querist)
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07 September 2013 thank you so much sir.... i have to file itr 4 right, in which this commission receipts has to be shown in NO ACCOUNT CASE COLUMN am i right?

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CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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07 September 2013 yes. you are right, you can show as no account case in ITR-4

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