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)

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)

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.

Message likes : 3 times

Nisha Kathuria

Nisha Kathuria (Querist)

16 March 2023 Thank you Very much Sir,

Message likes : 2 times

Dhirajlal Rambhia

Dhirajlal Rambhia

(Expert)

16 March 2023 You are welcome.

Message likes : 1 times

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