Small professional income-how to file return

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ankit (Querist)
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27 August 2011 I have earned small amount of profesional income of Rs 60,000 on which TDS Rs 6000 was deducted,apart from salary,so in order to claim refund i need to file the reutrn.Here i want to know am i suppose to file ITR-4 or can i file it through ITR-2?

Secondly, Also I have not maintained any books as it was a one time contract so can i claim expenditure on same,like transport expenses during contract period and small office expense like telephone ,postage etc.

Thirdly, Do I need to prepare b/s and all to fill ITR-4 figures

Fourthly, do i hav eto preserve the bills for all the expenses I am claiming or can i claim it on arbitarily basis being on etime contractual obligation served by me.

pls help!
thanks in advance

CA. Nitin Agrawal

CA. Nitin Agrawal (Expert)
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27 August 2011 Dear Ankit

Section 44AA . MAINTENANCE OF ACCOUNTS BY CERTAIN PERSONS CARRYING ON PROFESSION OR BUSINESS.

(1) Every person carrying on legal, medical, engineering or architectural profession or the profession of accountancy or technical consultancy or interior decoration or any other profession as is notified 707 by the Board in the Official Gazette shall 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.

(2) Every person carrying on business or profession [not being a profession referred to in sub-section (1)] shall, - (i) 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;

Ans:
1. ITR-4
2& 3. Depens upon your profession & Gross
Receipts/income

4. Yes

now cheers

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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27 August 2011 You need maintain any account.

File ITR 4 to claim the refund

It is up to you to prepare the Balance Sheet. If you prepare the B/S it is in your interest

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ankit

ankit (Querist)
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27 August 2011 Thanks to all for the help!

but i have two doubts how do i fill the ITR-4 because it asks for cash balance figure what shall i write up as i have no books of accounts.
secondly,sheet 4 nature of business asks for trade name and nature of business what should i write there as i am not registered in any name.
by profession i am a journalist working on salary and it was just one time professional assignment on which TDS u/s 194J was deducted.?