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ITR

RAJ KUMAR (FINANCE MANAGER) (1393 Points)

08 March 2010

HELLO FRIENDS, I HAVE RECEIVED RS. 50,000. INSURANCE COMMISSION AFTER DEDUCTING TDS

BUT MY OTHER INCOME IS ALSO 65,000,

I WANT TO TAKE REFUND BUT I HAVE NEVER MAINTAINED ACCOUNTS.

PLS HELP ME IN FILING MY ITR 4

WHETHER IT IS NO ACCOUNT CASE

OR I HAVE TO DRAW MY BALANCE SHEET FOR TAKING THE REFUND.

WHICH COLUMNS I FILL IN ITR 4.

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2 Replies

CA Sumit Arora (CA) (1411 Points)
Replied 08 March 2010

Dear Raj Kumar there is no need to Draw Balance in Your Case. You can file return. You are required to fill column 6 of Part A - BS and Column 51 of Part A- P&L

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llllVICTORllll (Internal Auditor) (511 Points)
Replied 08 March 2010

Your total income is 115,000 Rs. as per sec 44AA, your income from 3 previous year should not have crossed 120000 mark, if it hasnt, then you neednot maintain books of accounts. if your has crossed, then practical solution is to file the return with estimated expenses and praying god on your knees that your name doesnot come for assessment.