ITR 4 OR ITR 1
This query is : Resolved
Quick Summary
02 September 2020
If last year i.e AY 2019-20 ITR-4 was filed u/s 44ADA,with professional income. Now in current AY 2020-21 with no professional income , can we still file ITR-4 ( if other applicable conditions are satisfied ) OR ITR-1 is suggested ( without professional income ).
Is there any impact of switching from form Itr-4 to itr-1.
Is there any impact of switching from form Itr-4 to itr-1.
PURUSOTTAM PANDA
(Expert)
02 September 2020
rmalhotra ji,
There is no issue in switching between ITR forms, as it depends on sources of income, status of assessee and limits prescribed under the law.
There is no issue in switching between ITR forms, as it depends on sources of income, status of assessee and limits prescribed under the law.
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