Itr
This query is : Resolved
30 March 2016
Sir i am an individual and i have filled ITR 4 two times on that time my income was below the exemption limit but this time i want to file ITR 4s for F.Y 2015-2016 is it will be ok and adding further more is it necessary to maintain the books of accounts in ITR 4 if his income is below the exemption
30 March 2016
There is no rules that every time used to filed same ITR. its depends upon situation. ITR 4S and ITR 4 both can file if your Taxable income is above 8%.
30 March 2016
If you are showing Net Profit minimum 8% of turnover then it is not mandatory to maintain books of accounts. You can file ITR - 4S.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- STCG....................................................
- Supply through E-commerce Operators
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Sales return eway bill
- TAN for Partnership
- Relief u/s Section 89
- STCG FOR GOLD ETFs
- Specified Profession
- Suggestions required for income tax filing-software (FY 2025-26)
- GST Rate applicable for 0% Food Items sold by an Industrial Caterer
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
