Filing of return
This query is : Resolved
23 July 2008
What is the last date for submission of business income return ITR 4.
Also what is the limit upto which return is exempt from filing
Thanks manisha
Also what is the limit upto which return is exempt from filing
Thanks manisha
24 July 2008
If your Busines Turnover exceeds Rs 40 lacs then you have to file ITR 4 by 30th Sep.
If it does not exceed above limit then last date is 31 July.
In simple words if you are liable to Tax Audit then last date is 30th Sep.
If your Total Income before deduction Under Chapter VI-A doesn't exceed basic exemption limit then you need not file the Return.
If you have Business Loss then you have to file Loss return by due dateotherwise you won't be able to carry forword the Loss.
If it does not exceed above limit then last date is 31 July.
In simple words if you are liable to Tax Audit then last date is 30th Sep.
If your Total Income before deduction Under Chapter VI-A doesn't exceed basic exemption limit then you need not file the Return.
If you have Business Loss then you have to file Loss return by due dateotherwise you won't be able to carry forword the Loss.
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
- Reopen of assessment proceeding
- Depreciation of fixed assets- coop housing society in mumbai
- TDS on Consultancy- Non DTAA
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Rental income gst and it purpose
- Management System (IMS)
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- EPF FULL & FINAL RULES IN 2026
- FTS Taxable under 115A
- Experts need help
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
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
