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Itr 4 or itr 4s

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(Querist)
03 February 2016 Dear Sir,
An assesse having laundry business i.e. washing, cleaning, drying of clothes. Can he file ITR- 4S or he has to file ITR- 4 and what will be the nature of business as per Income Tax and which code for nature of business is applicable. Please suggest as early as possible.

Waiting eagerly for your valuable reply at the earliest.

Thanks,
Abhishek Roy Choudhury.
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Ganeshbabu K

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Ganeshbabu K (Expert)
04 February 2016 Yes you can opt ITR-4S declaring more than 8% on turnover as profit.
Nature of business code: Service sector-0714 others
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
11 February 2016 If your gross turnover exceed 1 crore, than you have to file ITR-4
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