Itr 4 s
This query is : Resolved
latika bhiva palav
(Querist)
28 July 2011
if client require itr 4Sugam and he had loss in that year then whether he can claim in the same form n how?
CA Ashwani Agarwal
(Expert)
28 July 2011
No you cannot show loss in ITR 4S. As ITR 4S can be filed only if you show 8% profit of your turnover. And if you show profit then you can obviously not claim loss.
If you want to claim loss than file ITR 4.
If you want to claim loss than file ITR 4.
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28 July 2011
It cannot be done,,
ITR 4 has to be filed, it has provision for carry forward of loss and also presumptive income
ITR 4 has to be filed, it has provision for carry forward of loss and also presumptive income
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