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.
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
CAclubindia
