25 July 2014
Sir, i have filed the return of the assessee who has business income of rs 115300 and tuition income of rs 36000. i have shown 115300 as business income and 36000 as income from other source and hence the business income is less than 120000 and thereby no requirement of maintaining books as per section 44AA.And in itr4 form i have provided only the figures of cash in hand and gross receipt and expenses.