ITR-4 each year

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This query is : Resolved

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This discussion clarifies whether filing ITR-4 is mandatory every year. The user previously filed ITR-1 but switched to ITR-4 due to business income. Now, with no business income for FY 2022-23, they wish to revert to ITR-1. The advice given is that if business income ceases permanently, ITR-4 is no longer required, and ITR-1 or ITR-2 can be filed instead.

Nisha Kathuria

Nisha Kathuria (Querist)
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15 March 2023 Sir,

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

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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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.

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Nisha Kathuria

Nisha Kathuria (Querist)
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16 March 2023 Thank you Very much Sir,

Message likes : 2 times

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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16 March 2023 You are welcome.

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