Hello,
I have filed ITR4S for last two yers(F.Y. 2013-14 , F.Y.2014-15). In F.Y. 2015-16 after september month no transaction of purchase, sale took place. And in F.Y. 2016-17 also no transaction took place. But from April 2017 transactions of sale purchase will start.
Whether ITR4S for F.Y. 2016-17 with nill transaction nil profit should be file to continue ITE4S in F.Y. 2017-18
Not mandatory, if total income during the year/s did not exceed basic exempted limit.
You can file return directly without continuation.
Not applicable as per your condition. It is for those assessees who opt out of section 44AD for not declaring min. 8% profit for any one year and get their income assessed under normal process, they cannot again adopt the presumptive assessment for next 5 years.
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