ITR 4 OR ITR 1

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This query is : Resolved

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This discussion clarifies whether you can switch from filing ITR-4 (under Section 44ADA for professional income) to ITR-1 for the AY 2020-21 if you no longer have professional income. The consensus is that switching is permissible, provided you meet the conditions for the chosen ITR form based on your income sources and taxpayer status.

rmalhotra

rmalhotra (Querist)
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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.

PURUSOTTAM PANDA

PURUSOTTAM PANDA (Expert)
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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.

rmalhotra

rmalhotra (Querist)
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03 September 2020 Thank you Sirfor prompt reoly.

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