Query regarding income tax return form

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

27 August 2013 Madam/Sir,
One of my client has a professional income. His turnover for A.Y.2012-13 was above 15 lac.So, I had to file his ITR in ITR form 4S because he was under Tax Audit.
This time i.e. for A.Y. 2013-14 he is not under Tax Audit.My question regarding this issue:-
Can I file my Client ITR for A.Y.2013-14 in ITR form 4S inspite of knowing the fact that he is not under tax audit ?

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
Follow

29 August 2013 1. ITR 4S is filed where income of the assessee is taxable on presumptive basis,i.e., u/s 44AD or 44AE.

2. 44AD clearly provides that this section is NOT applicable to income from profession.

3. Accordingly ALL assessees deriving income from profession CANNOT avail benefit of Section 44AD. They have to file return in ITR 4 only.

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

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Ishwar Radhakisan Tawani

DHANASHRI KARMARKAR

Aakash Kumar

RAGHUNATH KASIBHOTLA

Sunder Sadani

Subscribe Now

Query regarding income tax return form

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANCY

CA Final

GST CONSULTANT

Accountant

Article Assistant