Itr 4 or itr 4s
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 March 2012
I have sale of 40 lac rupees and my net profit is above 8%.I have been maintaining books u/s 44aa and filing ITR4 WITH regular books of account maintained till ass.yr 2010-2011. can i opt for ITR 4S for a.y. 2011-2012 as it has no advance tax liability and my tax is above 10000 rupees ?
CA Raju Sinha
(Expert)
23 March 2012
Dear
Since total turnover of your business does not exceeds Rs. 60 lacs you are eligible to opt presumptive scheme..In your case i would advice you to opt the same as it would save your Interest also.
Since total turnover of your business does not exceeds Rs. 60 lacs you are eligible to opt presumptive scheme..In your case i would advice you to opt the same as it would save your Interest also.
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