It 4

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chandrasekhart (Querist)
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18 July 2015 Dear Shri.Seetharaman I thank you very much your prompt reply but my quarrey is different We are maintained books of accounts for the ay 2015-16. Iam not intrested to file Itr 4s and my profit ratio is very very low I cannot pay 8% profit on turnover. In such case which return I have to file for ay 2015-16 and which is the mode of filing. Whether it is available on net and what is the status of ITR 4. please respond soon Chandrasekhar

Nikhil Kaushik

Nikhil Kaushik (Expert)
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18 July 2015 in a net case, you have to maintain books...otherwise 44AD will automatically trigger for turnover less than 1 cr irrespective of whether you file ITR-4 or ITR4s. So file ITR-4 with books of accounts.

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