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Querist : Anonymous

Querist : Anonymous (Querist)

29 July 2013 can a person who maintained books of accounts for a.y. 12-13 and was under audit , file itr 4s for a.y. 13-14 as he is not under audit for a.y. 13-14.
will it lead to some kind of problem due to inconsistency in filing same form.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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30 July 2013 yes, subject to fullfilment of other conditions mentioned under sec44AD.

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Ganeshbabu K

Ganeshbabu K (Expert)
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01 August 2013 NO There may not be any problem...

you can say that books of accounts not maintained in F.Y.2012-13 i.e, A.Y.2013-14 if any problem arises(which may not possible to question you)

provided if your business is eligible business under 44AD and your profit is more or equal to 8% on turnover

Please note if turnover is more than 1 crore tax audit is applicable 44AB and 44AD cannot be choosen in such case

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