Itr4s

This query is : Resolved 

24 December 2011 what is the use of itr4s?

24 December 2011 ITR 4S is used for filing return of a person who has income from presumptive business.

24 December 2011 Under Section 139 (1) of The Income Tax Act,1949.

Assesseee who does business must have to file return as per time specified in Income Tax Act,Furthermore ITR-4S can be filed by Businessman who have income from following list

Source of Income ITR-4s:-.................................................

Income from salary and pension
Income from other sources (only interest income or family pension)
Income / loss from other sources
Income / loss from house property
Capital gain / on sale of property / investment


Regards,
Ronak Darji


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