Income Tax return forms for agent received service charge

Sabyasachi Acharjya (Querist) 28 July 2011 This query is : Resolved
Which Income Tax return forms for agents received service charges

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A V Vishal (Expert) 28 July 2011
ITR 4 IS APPROPRIARTE FORM

H.M.Patnaik (Expert) 28 July 2011
Yes,Mr. Vishal answered rightly since income from Service charges falls under Income from Business & Profession .

B.Chakrapani Warrier (Expert) 29 July 2011
It is an "eligible business" covered under section 44AD and therefore ITR-4S is the form.

soumitra basu (Expert) 02 August 2011
If you can disclose profit 8% or more than that on your turnover, then ITR 4s is appropriate. Otherwise ITR-4

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