27 May 2015
Mr. X is individual. He has source of income from Salary & Business. Now his turnover of business is Rs.3.00Lakhs & salary income is Rs.2.00 Lakhs. Since his turnover of business is less than Rs. 1.00 crore, he is covered under section 44AD, presumptive taxation. My question is can We file ITR 4S Sugam for salary & business income u/s 44AD ? or to File ITR 4 ?