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Itr -4s form filling

This query is : Resolved 

12 July 2019 Will I have to continue with 4s for further few years or again i can change the form next year depending on my income


12 July 2019 You can change the form and opt out of presumptive tax but can't opt back till 5 years.

12 July 2019 so I think it is safe to continue with form 3 .please comment in as much detail as possible as I am a layman.




12 July 2019 Continue with form 4 and declare 8% profit that's simple for you.

12 July 2019 I DO NOT KEEP ANY RECORDS AND AUDIT ETC.

12 July 2019 Records and audit not required file ITR 4.

12 July 2019 YOU MEAN TO SAY ITR 4 OR 4S.. SEC 44ADA IS ALSO AVAILABLE IN ITR3 (CAN i AVAIL THIS). MY INCOME IS LESS THAN 2.5L FROM CONSULTANCY AND MORE FROM BANK INTEREST.

12 July 2019 CAN I GO FOR ITR3 WITH SEC44 ADA IN PROFIT AND LSOS SHEET. IN THIS CASE I WONT HAVE TO CHANGE ITR FORM#, THE 5 YEAR RULE IS APPLICABLE TO ITR4S OR SEC 44ADA. THANKS FOR ALL ADVICE.




15 July 2019 ITR 4S is not applicable from AY 2018-19 so Fro 44AD/44AE/44ADA one have to file ITR 4, else if books of account prepared then file ITR 3.

15 July 2019 THANKS SIR . IN ITR3 THERE IS A SECTION FOR PRESUMPTIVE TAX WHERE NO ACCOUNTS ARE REQUIRED.CAN I GO FOR THIS. AS I HAD FILED ITR3 IN SAME SECTION LAST YEAR. SO I DO OT WANT TO DEVIATE UNLESS IT IS WRONG/INCORRECT TO DO SO.

15 July 2019 You can do so no problem.



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