Books of account in itr4 no account case

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

19 June 2014 Dear All ,
Please advise me to file my ITR 4 , My gross receipt is 800000/- and TDS is Rs. 80000/-
my nature of Business is designing and animation and this is my 1st return so i can do No Account Case or i should maintained books of account .

Pz help me in filing ITR

Nikhil Kaushik

Nikhil Kaushik (Expert)
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19 June 2014 what is your income? if it is above 1.2 lakhs, books are to be compulsorily maintained.

Querist : Anonymous

Querist : Anonymous (Querist)

19 June 2014 My income is 118459/-.

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Rupesh Jain

Rupesh Jain (Expert)
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20 June 2014 you are professional service provider and you have to maintain the books of account and file his return in for ITR-4

Nikhil Kaushik

Nikhil Kaushik (Expert)
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20 June 2014 his income is less than Rs 1.2 lakhs...so 44AA wont apply Rupesh...however, yes ITR 4 has to be filed.

so querist, you need to file ITR4. but for this year maintaining accounts is not necessary. where your gross receipts exceed Rs 10 lakhs and income Rs 1.2 lakhs, accounts have to be maintained.

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