Clarification required in using income tax forms itr 4 or itr 4s

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Vijay (Querist)
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26 March 2014 Hi, l am Vijay, Resident Indian, having income from business (Proprietor) and annual sales is less than 2 lacks, moreover loss was projected. I am also working in a private company and receiving salary. kindly guide which income tax return form to be use return d for filling income tax ? this for financial year 2012-2013. vijay

CA Devanand Jethanandani

CA Devanand Jethanandani (Expert)
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26 March 2014 Hi Vijay

You have to file ITR 4.

Irrespective of turnover and profit/loss, if there is income from business or profession, one has to file ITR 4 only.

Regards,
Devanand

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