07 July 2013
Dear Sir, There is an assessee who runs dance classes and also partner in a firm. From dance classes his income would be around 60000/- and from partnership firm his interest and salary are about 2 lacs and share in profit is about 25000/-.
07 July 2013
Whether the above assessee is liable to maintain accounts or not? As his interest,salary and share in profit are taken from the books of firm and his professional income in only Rs. 60000/-.
Please advise me, whether I should select No account case in itr 4 or not?