ITR Forms to be Selected for AY 2020-21
This query is : Resolved
04 October 2020
Hi,
I have a query regarding which ITR form to be choosen for filing IT returns for the AY 2020-21. For the AY 2019-20, i have declared my income under ITR 3 and i have filled a balance sheet and profit and loss account, but the books of accounts are not maintained. So AY 2020-21 can i file my returns under ITR 4 presumptive basis by declaring 50% of my turnover. However my last year ITR has been processed, now if i file the return under ITR 4 is there any chances of getting notices from the Assessing officer. Please help me in solving this issues.
Iam a practising doctor and i have my own clinic
I have a query regarding which ITR form to be choosen for filing IT returns for the AY 2020-21. For the AY 2019-20, i have declared my income under ITR 3 and i have filled a balance sheet and profit and loss account, but the books of accounts are not maintained. So AY 2020-21 can i file my returns under ITR 4 presumptive basis by declaring 50% of my turnover. However my last year ITR has been processed, now if i file the return under ITR 4 is there any chances of getting notices from the Assessing officer. Please help me in solving this issues.
Iam a practising doctor and i have my own clinic
04 October 2020
Yes you can file ITR 4 for AY 1920-21 with 50% profit on turnover.
No notice will be issued.
No notice will be issued.
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