This discussion addresses whether a client can file their Income Tax Return under Section 44AD using the ITR-4 form. The client purchased property for Rs. 1 crore in FY 2024-25, has no property sales, and a business turnover of Rs. 1 crore 85 lakh. The consensus is that filing under Section 44AD is possible provided the business meets the eligibility criteria outlined in the section.
04 July 2025
A client has purchased property for Rs. 1 crore only during financial year 2024-25 and not sold any property and his business turnover is Rs. 1 crore 85 lakh. Can we file IT return under SEC 44AD in ITR-4 FORM?