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
T/O is Above Than 1600000 Lac.
So He Can File Return In ITR4s Or Not
CA PARAS BAFNA
(Expert)
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.
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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