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hi , i do both job as well as part time business. last 3 years i have been filling itr4. Last year i have nil business transaction & only have salary income. Should i file ITR1 or else has to file ITR4
Replies (5)
yes u can file itr1 but what suddenly happened to business, later if u show busines again, they may raise questions its just that u have to explain
Yes. YOu can file ITR-1 if you dont have any business income during the relevant period.
ok, that means i can restart my business any time & can file itr-4 at that time. I can switch between itr1 & itr4 as per income. right
Hi Fourc,
Correctly interpretated by you, yes you can switch between ITR 1 & 4 according to your nature of Income in particular financial year.. for this year go for ITR 1 if no business income.
ok. thanks. earlier taxtechie mentioned that they may raise question if i switch , please explain
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