Itr4 reply urgent


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Querist : Anonymous

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Querist : Anonymous (Querist)
08 June 2016 dear expert,

f.y.2014-15 my client business Total turnover 45 Lacs and file income tax ITR-4 IN 44AA (BOOKS OF ACCOUNT TO MAINT.)

and

F.y. 2015-16 i would like to file itr 4s

so can possible this case

reply urgent

08 June 2016 UNDER SEC 44AA (PROFEESIONAL) MAINTAINING OF BOOKS OF ACCOUNTS IS MANDATORY. YOU CANNT FILR ITR 4S

08 June 2016 yes you can file return u/s 44AD profit decalre @8% of the sales if sales value is below 100 lacs.


08 June 2016 As per Sec 44AA to be maintained by Professional, you are can not to File ITR-4S

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Querist : Anonymous

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08 June 2016 sir, in itr 4s we allow all expenses , like Depreciation, interest on home loan ,etc

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Querist : Anonymous

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08 June 2016 and as per 44aa , if person carrying business / professional rules if turn over 10,00,00 so maint. books .... means????

08 June 2016 No , you can not Claim Depreciation Expenses in ITR-4S

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Querist : Anonymous

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08 June 2016 and what about 44aa business income 10 lac meaning ...books of account maint.?


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Querist : Anonymous

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08 June 2016 please sir give me reply about 44aa business gross receipt 10 lac ?

08 June 2016 Every person carrying on business or profession [not being a profession referred to in sub-section (1)] shall,

if his income from business or profession exceeds [one lakh twenty] thousand rupees or his total sales, turnover or gross receipts, as the case may be, in business or profession exceed or exceeds [ten lakh] rupees in any one of the three years immediately preceding the previous year; or

(ii) where the business or profession is newly set up in any previous year, if his income from business or profession is likely to exceed [one lakh twenty] thousand rupees or his total sales, turnover or gross receipts, as the case may be, in business or profession are or is likely to exceed [ten lakh] rupees, [during such previous year; or

(iii) where the profits and gains from the business are deemed to be the profits and gains of the assessee under [section 44AE] [or section 44BB or section 44BBB], as the case may be, and the assessee has claimed his income to be lower than the profits or gains so deemed to be the profits and gains of his business, as the case may be, during such [previous year; or]]

14[(iv) where the profits and gains from the business are deemed to be the profits and gains of the assessee under section 44AD and he has claimed such income to be lower than the profits and gains so deemed to be the profits and gains of his business and his income exceeds the maximum amount which is not chargeable to income-tax during such previous year,]
keep and maintain such books of account and other documents as may enable the [Assessing] Officer to compute his total income in accordance with the provisions of this Act.

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Querist : Anonymous

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09 June 2016 SIR , IN THIS ARTICALS ONE WORDS USE AS BUSINESS INCOME NOT OVER THEN 10,00,000 SO U NOT MAINT.BOOK OF ACCOUNTS ?

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Querist : Anonymous

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11 June 2016 Expert Rupesh...

Give Me a one Help

In Itr 4 and itr 4s no books of record maint. so both are same or different.


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Querist : Anonymous

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10 March 2017 Dear Sir,

I ask one question regarding Income tax login password ,

i forgot my password so i am pay rs.1 tax from oltas side so this is compulsory to pay rs.10 or 1 is ok



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