Section 44aa
This query is : Resolved
13 September 2012
Dear Sir,
A stamp vendor who has received the commission of Rs. 195000/- from treasury and after adjusting businss expences his net profit comes to Rs. 175000/-.
Whether he is liable to maintain account u/s 44aa and which itr form he should use.
Please advise me.
A stamp vendor who has received the commission of Rs. 195000/- from treasury and after adjusting businss expences his net profit comes to Rs. 175000/-.
Whether he is liable to maintain account u/s 44aa and which itr form he should use.
Please advise me.
13 September 2012
As per my opinion there is no compulsory requirement of maintaining account u/s 44a and assesses should fill up ITR 4 as ITR 4S is not used because of commission income
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