Return of income (urgent)

This query is : Resolved

Ashutosh Kumar Jha (Querist)
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27 July 2013 Dear Sir/Madam,

I am a small trader deals in agriculture equipment. My turnover in FY 2013-14 is Rs. 63 lacs. My net profit is around 5.5% to 6%. Please guide me properly that can i file my return in ITR-4 without getting my books audited by a CA as my net profit is below 8%.please also tell me that what is the due date of filing of return if i will get my a/cs audited. I have maintain proper books of a/cs.

With Regards
Ashutosh
9534140352

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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28 July 2013 i) Accounts has to be audited.

ii) Due date is 30th September,2013.

iii) Books of account has to be maintained.

Ps. Typographical error is presumed in the year mentioned.

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Ashutosh Kumar Jha

Ashutosh Kumar Jha (Querist)
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29 July 2013 First of all thank you for your reply sir and also for highlighting the typing error wrt FY. It is FY 2012-13 and not 2013-14.

Further if an assessee has gross turnover of less than Rs 1 Crore and net profit therefrom is less than 8% then is it mandatory for him to file ITR u/s 44AD and get his a/c audited or he can file a return of income in ITR 4 by filling all information in B/s & P/L a/c without geting his BOA audited u/s 44AB as he maintains proper books of accounts.

with regards

Ashutosh Kumar Jha
9534140352

Ashutosh Kumar Jha

Ashutosh Kumar Jha (Querist)
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29 July 2013 Dear Sir,

If an original return has been filed manual then is it possible to file the revised return electronically?

with regards

Ashutosh Kumar Jha
9534140352

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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29 July 2013 In less than 8% cases, audit is mandatory and ITR-4S has to be filed.

If original return is filed manually, revised return can't be filed electronically.

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Ashutosh Kumar Jha

Ashutosh Kumar Jha (Querist)
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29 July 2013 Thank you very much sir.

with regards
Ashutosh Kumar Jha

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