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Itr 4s

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(Querist)
28 March 2017 An individual asessee has filled itr 4 from last 2 year(gross receipt less than 10 lakh & profit more than 2 lakh a. Y 2014-15 & 2015-16) by showing not maintain books of account. Can he fill itr 4s in future.
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
29 March 2017 You have not mentioned nature of business?
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CA CMA Sagar Jaiswal

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CA CMA Sagar Jaiswal (Querist)
29 March 2017 Not covereed in specified profession. Suppose a general store shop.



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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
29 March 2017 Yes, you can file itr4S, mention Gross profit, expenses, net profit, Debtors, creditor, Stock, Cash balance in 44AD
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CA CMA Sagar Jaiswal

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CA CMA Sagar Jaiswal (Querist)
29 March 2017 but as per sec 44aa. he has to maintain books of accounts
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
29 March 2017 General store sec 44AA Not applicable.
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CA CMA Sagar Jaiswal

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CA CMA Sagar Jaiswal (Querist)
29 March 2017 Thank you Sir
to solve my confusion.

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