Avinash Singh (Article) (69 Points)
19 January 2017respected sir i have a query i goverment lawyer who is getting salary and TDS is deducted under section 194J and has some of the TDS deducted under 194A his income for A.Y. 2016-17 was around 282000.00 approx in related to profession. according to me a person is required to maintain their books of accounts as per section 44AA . so do he really need so or i can opt non maintaince of booksin ITR-4 or ITR-4S please suggest
saurabh kumar
(Tax Consultant)
(348 Points)
Replied 19 January 2017
Kindly refer to sec 44 AA which says that if gross receipts from specified profession is more than Rs. 150000 he is required to maintain books of accounts u/s 44AA or in case of non specified profession if his income from profession exceeds Rs. 120000 or gross receipts from such profession or gross receipts exceeds Rs. 1000000 then he is required to maintain books of accounts(that may enable A.O to compute his professional income).
file ITR 4 in case of professional income.
No Account case should be selected or Balance sheet and P/L A/c to be filled can be decided on the basis of above limitation.
TDS would be for professional services not in the nature of salary u/s 194J.
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
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