It form for non audited retail business


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Querist : Anonymous

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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

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

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Querist : Anonymous

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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

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

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Querist : Anonymous

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Querist : Anonymous (Querist)
06 September 2016 in section 44AD we have to declare our NP 8% of turnover not above

06 September 2016 8% or above at the option of assessee.....

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Querist : Anonymous

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Querist : Anonymous (Querist)
06 September 2016 sir,
if section 44AB not applicable then it is only option to opt 44AD

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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