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Querist : Anonymous

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Querist : Anonymous (Querist)
27 October 2013 My commission/brokerage incomes are Rs. 35,94,500. Is it require audit or not?

27 October 2013 audit not required. However, books or accounts need to be maintained as per 44AA.

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Querist : Anonymous

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Querist : Anonymous (Querist)
27 October 2013 Which ITR I have to e-file, If it is not require audit. ITR4 or ITR4s?


27 October 2013 No tax audit required.
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however tax audit 44AB required if turnover exceeds 1 crore

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AS COMMISSION INCOME IS TAXABLE UNDER BUSINESS INCOME
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ITR4 WILL BE APPLICABLE

27 October 2013 you need to file ITR4. ITR4S is for presumptive income. Since you are earning commission income, it is not applicable to you.

27 October 2013 ITR4S not applicable for you..
ITR4 is right choice...



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