Please Help: only comission income
Posted Date : 27-Jul-2012 , 02:02:58 pm | Posted By ashok modi
I have only commission income and intt on fdr, can i file return under 44ad or itr 4, if ITR 4, I have to prepare Balance sheet nd P & L
Category : Income Tax | Answers : 3 | Comments : 2 | Hits : 240
Answers
Answer By: saurabh goyal
if ur commission is commission on sales you can file RTI in the form ITR 4, As per amendments ITR 4S cannot be filed for commission income. and if ur commission is less then 15 lacks u can file return in non books of account option otherwise u have to prepare profit and loss account and audit is mandatory
Answer By: Rambabu Senkarasetti
file itr4
Answer By: Rambabu Senkarasetti
no need to prepare balance sheet and profit &loss account
Comments
ashok modi
28-Jul-2012 , 11:12:15 amashok modi
28-Jul-2012 , 11:14:10 amThanks sir, the commission is less then 5 lacs but i want to claim certain expenses like conveyance traveliin etc then i have to prepare balance sheet also or not