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Discussion > Income Tax > ITR >

Itr 4s or itr-1

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software engineer

[ Scorecard : 25]
Posted On 23 June 2013 at 13:01 Report Abuse

Hi - I'm salaried person from pvt firm. I've been filing ITR-1 for many years. Last year I got convinced that ITR 4S is more suitable for me and I filed it. This year I'm confused and not sure which form should be filled. Please help me differentiate difference and suggest right form. 

Thanks in advance. 

Regards,

Panjwani


Online classes for CA CS CMA



CA Kedar Sakhardande
Proprietor

[ Scorecard : 782]
Posted On 23 June 2013 at 14:10

If you are a salaried person getting Form 16 go for Form No ITR 1

 

(ITR 4S is presumptive Income, why you want to go for it ?)

 

Regards





ANAND S
student

[ Scorecard : 141]
Posted On 23 June 2013 at 14:11

ITR 4 for Income from property business or profession in that business who have presumptive income as specified in income tax act they need to file ITR 4S. As you are a salaried person only salary income you have then you should file only ITR 1 only 




Ganeshbabu K
CA FINAL ARTICLE

[ Scorecard : 38770]
Posted On 23 June 2013 at 14:49

You should file ITR1 only




manoj
student

[ Scorecard : 2316]
Posted On 23 June 2013 at 19:12

ITR 1 and ITR 4S both have same colour

but u go for ITR 1




CA S.VIJAY NARERNDRA
CA,M.COM,CS final

[ Scorecard : 131]
Posted On 23 June 2013 at 19:51

Originally posted by : CA Kedar Sakhardande


If you are a salaried person getting Form 16 go for Form No ITR 1

 

(ITR 4S is presumptive Income, why you want to go for it ?)

 

Regards

AGREED

 

 

 





Ram Asheshwar Pjiyar
Tax officer

[ Scorecard : 42]
Posted On 24 June 2013 at 00:08

Go with ITR-I

 




Mukesh Babu
IPCC Student

[ Scorecard : 192]
Posted On 24 June 2013 at 13:49

 Proceed with ITR1




panjwani
software engineer

[ Scorecard : 25]
Posted On 30 June 2013 at 20:11

Thanks everyone. Now the issue is by mistake I've submitted ITR - 4S last year. Can I re-submit my ITR with ITR-1 ONLINE. what is the process? Please advise.




Focus
CA-Final Student

[ Scorecard : 255]
Posted On 04 July 2013 at 19:46

Revise your last years return and resubmit a new return in ITR 1 



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