Itr 3 or itr 4
This query is : Resolved
24 August 2019
Dear All,
One of my client has file Income tax return in below mentioned ITR
AY 2014-15 ITR4
AY 2015-16 ITR4
AY 2016-17 ITR4
AY 2017-18 ITR3 (Profit shows more than 8 %)
AY 2018-19 IRT3 (Profit shows more than 8 %)
Now Can in file IRT 4 for AY 2019-20?
Is there any restriction of 5 Year Section 44AD of Income Tax Act, 1961?
One of my client has file Income tax return in below mentioned ITR
AY 2014-15 ITR4
AY 2015-16 ITR4
AY 2016-17 ITR4
AY 2017-18 ITR3 (Profit shows more than 8 %)
AY 2018-19 IRT3 (Profit shows more than 8 %)
Now Can in file IRT 4 for AY 2019-20?
Is there any restriction of 5 Year Section 44AD of Income Tax Act, 1961?
CA R SEETHARAMAN
(Expert)
24 August 2019
Yes restriction of 5 Year Section 44AD of Income Tax Act, 1961 applicable.
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