ITR form and Export Services Complaince

Save Share

This query is : Resolved

Quick Summary

This discussion clarifies whether a UK-based business developer exporting services to the USA and registered under GST can file Income Tax Return (ITR) 4 using the presumptive income scheme (44ADA). The consensus is yes, provided there are no foreign assets, bank accounts, or signing authorities, in which case ITR 3 would be more appropriate. No additional filings are required beyond regular GST and Income Tax returns.

Himanshu Sharma

Himanshu Sharma (Querist)
Follow

27 July 2023 I'm exporting services to the USA as Business Developer.
I have also registered under GST Act.
My query is, Can I File ITR 4 and avail 44ADA benefit?
Whether there is any other form or filling required in any other act or in Income Tax.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
Follow

27 July 2023 What is the exact type of services provided? Means any specialized qualification required for it?

Himanshu Sharma

Himanshu Sharma (Querist)
Follow

27 July 2023 There is no need for any specific qualification, Type of service is the business developer or product manager

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
Follow

27 July 2023 Yes, you can file ITR 4, unless you have any foreign assets or bank account or authorization to sign. Otherwise, file ITR 3 under presumptive assessment.

Himanshu Sharma

Himanshu Sharma (Querist)
Follow

27 July 2023 Thank you Sir for your reply
Sir, One more thing, whether I have to file any other file or form in any other act other than GST and IT Act

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
Follow

27 July 2023 No. Only regular returns under both the acts.

Himanshu Sharma

Himanshu Sharma (Querist)
Follow

27 July 2023 Ok Sir

Thank you Sir

Message likes : 1 times

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
Follow

27 July 2023 You are welcome.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now