Go AD-Free with CAclubindia Pro and Daily WhatsApp Updates. Subscribe Now!

Itr

Save Share

Join Us Follow Us Add as Source

This query is : Resolved

Report Follow Query Ask a Query

Querist : Anonymous

Querist : Anonymous (Querist)

01 August 2013 one of my friend is engaged in the prop. business of cosmetic items. his turnover for f.y. 2012-13 (first year of business) is 38 lacs and income of around 4 lacs. he is not maintaing proper books of accounts becoz it is not mandatory in his case. my question is that which return is applicable on him itr 4 or itr 4s ?

Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)
Follow

01 August 2013 ITR - 4S sufficient.

OM SAI SRI SAI JAI JAI SAI

Querist : Anonymous

Querist : Anonymous (Querist)

01 August 2013 thank u very much sir.
one more question- what are the deductions under chapter VI available in case of sec 44Ad ?

Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)
Follow

01 August 2013 All the deductions which are applicable and allowable to the assessee is available. No separate provisions for Chapter VIA deductions for the ITR-4S filing assessees.

OM SAI SRI SAI JAI JAI SAI

Ganeshbabu K

Ganeshbabu K (Expert)
Follow

01 August 2013 44 AD Assesse is eligible for deductions under section 80C,80D,80E.They are not eligible for deduction under chapter VIA under heading C -"Deductions in respect of certain income"They are not eligible to claim deduction under section 80H to 80 TT

Thanks & regards
Ganesh babu k

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
Follow

01 August 2013 only sec 80C,80D & 80E are allowed and others are not allowed.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

CCI Pro

Answer Query

Quick Links

Browse by Category

Latest Job Openings

View all

17 August 2026

Chartered Accountant with US GAAP Experience

Austin Med Solutions Pvt Ltd

Bengaluru

CA

View Details

08 September 2026

Semi-Qualified Assitant

Subrahmanyam & Sivudu CA Firm

Hyderabad

CA Inter

View Details

04 September 2026

CA inter Or ca finalist

A Jaiswal and company

Lucknow

CA Final

View Details

13 August 2026

Chartered Accountant (FP&A)

Client of Trellis Consulting

Gurgaon

CA

View Details

08 September 2026

Audit Executive

Thammana & Associates

Srikakulam

B.Com

View Details

ARTICLESHIP 01 September 2026

Article Assistant

SGNG & Associates

New Delhi

CA Inter

View Details

14 August 2026

Article Assistant CA Articleship

Eshwar & Co Chartered Accountants - Nungambakkam

Chennai

CA Inter

View Details

ARTICLESHIP 26 August 2026

Article Assistant

ANIVESH CONSULTANTS LLP

Gurgaon

CA Inter

View Details