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Itr4s

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Querist : Anonymous

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Querist : Anonymous (Querist)
12 September 2014 Sir,
Pl tell me for whom shall I submit ITR4S, one of my client works contarctor, does not maintain books of accounts shall I submit ITR4S for him

12 September 2014 Yes you can file 4S for your case.

Details for 4S as under

Income tax Return to be filed by individuals, HUF and small business taxpayers having:
a) Presumptive Business Income
b) Salary / Pension
c) One house property
d) Income from other sources.


This form cannot be used if, taxpayer
Has more than one house property

a) Speculative income
b) Agriculture income more than Rs 5000
c) Winning from lotteries/races
d) Capital gains
e) Losses to be carried forward

When these provisions are satisfied you can go for it.


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Querist : Anonymous

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Querist : Anonymous (Querist)
15 September 2014 Could you please tell me Presumptive Business Income means what


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