In FY 2020-21 My income from School Salary+ Tution Fees, Income from other Source interest from FDR and I Filed ITR-1. FY 2021-22 My income from Stitching of Cloth ( Business Income under Boutique ) Other source income from Tution fees and interest from FDR. But in Current FY 2022-23 my income is only School Salary+ interest from FDR so Can opted out from ITR-4 or every year i have to file ITR-4. so in this year can i go for ITR-1 is any problem face from IT department Please suggest
15 March 2023
If there is no income from business, or if the business is closed for ever, you need not file ITR 4. You can file ITR 1 or 2 whichever applicable in your case.
CAclubindia
