Return Related
This query is : Open
Swapnali Khandekar
(Querist)
30 March 2017
Can I upload the ITR 4 if my income is below Rs.2 crs..?
CA R SEETHARAMAN
(Expert)
30 March 2017
Yes you can file ITR 4.
Swapnali Khandekar
(Querist)
31 March 2017
even if my profit is less than 8%?
CA R SEETHARAMAN
(Expert)
31 March 2017
If profit is less than 8% and report taxable income in addition to filing ITR 4 tax compliance is required.
Swapnali Khandekar
(Querist)
31 March 2017
So there will be tax audit u/s 44AB?
CA R SEETHARAMAN
(Expert)
31 March 2017
Yes tax audit applicable.
Swapnali Khandekar
(Querist)
31 March 2017
my income is below 1 cr and I am showing profit less than 8%, then can I file ITR 4?
Swapnali Khandekar
(Querist)
31 March 2017
by maintaining books required to kept u/s 44AA and showing income less expenses in ITR 4 with profit less than 8% and turnover less than 1cr.. So will it be invalid return?
CA R SEETHARAMAN
(Expert)
31 March 2017
You can file ITR 4. Not an invalid return but tax audit applicable.
Swapnali Khandekar
(Querist)
31 March 2017
Thanks for your Guidance
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