Applicability of itr form
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 May 2015
As per the provisions of section 44AD, if the actual income from the business covered under section 44AD is higher than the income prescribed under the presumptive scheme, then the assessee has to declare such higher income from business. My question is in this case we have to FIle ITR 4S or ITR 4?
27 May 2015
It is left to the option of the assessee to declare higher income than prescribed. ITR 4S can be filed for higher income.
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