Itr 4 or itr 4s
This query is : Resolved
Abhishek Roy Choudhury
(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.
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.
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
Nature of business code: Service sector-0714 others
Message likes :
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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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