ITR 3 filed Can we file ITR4


This query is : Resolved 

Quick Summary
If you filed your Income Tax Return (ITR) 3 last financial year with accounts and a balance sheet, and your turnover was Rs 40 Lakhs, you might be considering switching to ITR 4 for the current financial year (2024-25) with a turnover of Rs 50 Lakhs. This allows you to use the presumptive taxation scheme under Section 44AD. While you can file ITR 4, it's advisable to continue with this scheme for five consecutive years to avoid a tax audit.

05 July 2025 Dear Sir,

Previous FY year 2023-24 We have filed ITR 3 with the help of books of accounts proper balance sheet and pnl account tyrnover Rs. 40 Lacs FY 2024-25 Turnover Rs. 50 Lacs can we go under 44AD presutive and file ITR 4.
Can be any issue ? Please suggest

05 July 2025 Yes, can be filed, but need to continue it for next FIVE years to avoid tax audit.

26 September 2025 Good luck...


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



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
09 September 2026
SENIOR AUDITOR & ACCOUNTS MANAGER

Anupam Parashar & Co.

Ghaziabad

CA Final

View Details
Company
ARTICLESHIP 07 September 2026
Article/ Paid Assistant

Murali and Sumeet Chartered Accountant

Bengaluru

CA Foundation

View Details
Company
09 September 2026
Chartered Accountant

Aviv Global Private Limited

Ahmedabad

CA

View Details
Company
ARTICLESHIP 07 September 2026
CA Articles

Kothari Jain Patil & Chartered Accountants

Pune

CA Inter

View Details
Company
20 September 2026
Semi Qualified CA

Navin & Associates

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 16 September 2026
Article Assistant

MANUJ SHARMA AND COMPANY

Noida

CA Inter

View Details
Company
19 September 2026
Finance Manager

Mugdha Art Studio

Hyderabad

CA

View Details
Company
26 September 2026
Chartared Accountant

pushpganga ventures

Pune

CA

View Details