It form for non audited retail business

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Querist : Anonymous

Querist : Anonymous (Querist)

06 September 2016 Dear Experts, i am engaged in retail business having non audited accounts pls let me know which form will be used to file my income tax return, Regds Anil Jain

Amol S Joglekar

Amol S Joglekar (Expert)
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06 September 2016 you can go for ITR 4S if it is applicable to you..(Presumptive tax) Or you may go for ITR 2

Querist : Anonymous

Querist : Anonymous (Querist)

06 September 2016 sir,
in which case ITR 4S will be applicable, i am running only retail business my accounts is also non audited, also not having any other income unless saving bank interest

Amol S Joglekar

Amol S Joglekar (Expert)
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06 September 2016 read 44AD..... if you are showing your profit above 8%... you can opt for ITR 4S
else go for ITR 2

Querist : Anonymous

Querist : Anonymous (Querist)

06 September 2016 in section 44AD we have to declare our NP 8% of turnover not above

Amol S Joglekar

Amol S Joglekar (Expert)
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06 September 2016 8% or above at the option of assessee.....

Querist : Anonymous

Querist : Anonymous (Querist)

06 September 2016 sir,
if section 44AB not applicable then it is only option to opt 44AD

Amol S Joglekar

Amol S Joglekar (Expert)
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07 September 2016 ok, please keep your explanation with you....
As per your query, the answer is
Go for ITR 2 or ITR 4S as applicable to you......
(In case you are not able to find out the applicability, please contact a practising CA near you)

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