IT Form ITR 4s Is Apply For A Person Whose Bussiness T/O

This query is : Resolved 

19 July 2011 IT Form ITR 4s Is Apply For A Person Whose Bussiness T/O not Exceed 44AB Limit.

T/O is Above Than 1600000 Lac.

So He Can File Return In ITR4s Or Not

19 July 2011 Turnover is above 1600000 Lacs , then that must be a big party.

Tax audit is required. ITR 4 will be applicable.

If tornover is 16.00 lac then he can file his return in ITR 4S, by showing the income @ 8 % of turnover.


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