Itr 4s or itr-1


software engineer

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

 
Reply   
 

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

 
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student

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 

 
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Audit and Tax Advisory

You should file ITR1 only

 
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student

ITR 1 and ITR 4S both have same colour

but u go for ITR 1

 
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CA,M.COM,CS final

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

 

 

 


 
Reply   
 

Go with ITR-I

 

 
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IPCC Student

 Proceed with ITR1

 
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software engineer

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.

 
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CA-Final Student

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

 
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