ITR 4s Returen
This query is : Resolved
22 July 2011
A business man Income Rs. 162000 From Retail Business & His T/O of Business Rs. 1620000 & Other source Income is 25000 So Which Returen Is Required ITR4S or ITR 4 Is any Problem With This Return Subject To 44AA,44AB,44AD
CA PARAS BAFNA
(Expert)
22 July 2011
He can file ITR 4S.
He should show his income U/s 44AD only then , 44AA will not apply.
44AB applies to a business, when gross turnover exceeds 60.00 lacs.
He should show his income U/s 44AD only then , 44AA will not apply.
44AB applies to a business, when gross turnover exceeds 60.00 lacs.
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