31 January 2017
My client has filled ITR - 4 for last 4 years. His gross profit is around 70%. Now he can file ITR b 4s with 8% profit? Will this case be in scrutiny for this year? Is there any condition like he has to file ITR 4s for next 5 years?
01 February 2017
He can file ITR 4S this year and no case of scrutiny. The condition is in the next year if he opts out of filing ITR 4S(opting out of 44AD), then for the next 5 years he can't opt for 44AD.