Annual returns
This query is : Resolved
30 September 2011
Dear Sir,
I am an individual. I want to file my annual returns for the year ended 31.03.2011. Which form should I fill to file annual return. My income is from small business in which Tax Audit is not applicable.
Regards,
Shrishail
I am an individual. I want to file my annual returns for the year ended 31.03.2011. Which form should I fill to file annual return. My income is from small business in which Tax Audit is not applicable.
Regards,
Shrishail
30 September 2011
First of all SrhiShail it is Income Tax Return and not the Annual Return. Annual Return is a term used for the Company's return filed annually to ROC.
As you said you have a business income, you can go for ITR-4 or 4 S (Sugam).
Sugam is for those who are having presumptive income i.e. (contractors, transporter and Retail business man who dont keep their books of accounts).
Advise:
Return filing is not required if you dont have income from business exceeding the basic exemptio limit of Income Tax. i.e. 160,000 for PY.
Unless you want to apply for any loan or finance.
As you said you have a business income, you can go for ITR-4 or 4 S (Sugam).
Sugam is for those who are having presumptive income i.e. (contractors, transporter and Retail business man who dont keep their books of accounts).
Advise:
Return filing is not required if you dont have income from business exceeding the basic exemptio limit of Income Tax. i.e. 160,000 for PY.
Unless you want to apply for any loan or finance.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Off Market debit and credit transaction
- Itr 1 processing
- Showing Gift from relative in ITR for this year
- Reporting Income under Section 44ADA
- ITR returnFY25-26
- ITR selection for salaries and capital gain less than L
- Share accounting-->fifo - capital gain - period as per fifo?
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR 2 Short Term gain & Long term gain
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
