Which return should be file 4s or 4???

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 July 2016 one of my friend received commission of Rs 75800/- under section 194 H..

He has not maintain has books of account..

so in this cas which return should be file??


30 July 2016 Presumptive return cannot be filed for commission. Hence, your friend has to file ITR4.

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 July 2016 Thank you Pavan sir..
can i file ITR 4 under book of account not maintain???


30 July 2016 You may file ITR4.

In your case the books of account are required to maintain if the turnover exceeds rupees ten lakhs or income exceeds rupees one lakh twenty thousand.

Refer section 44AA of the Income Tax Act, 1961.

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Querist : Anonymous

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30 July 2016 ok sir....thank you...

30 July 2016 if Commission amount is negligible you can file ITR-1 also under income from other sources



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