saral form
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 July 2011
a person having capital gain and property dealing commission turnover of 30 lacs on which net profit is more than 8%. i believe he has to file ITR-4 and not ITR-4S, whether tax audit is required just because of the reason that he is filing ITR-4?
13 July 2011
ITR 4 is to be filed, tax audit is not applicable as turnover does not exceed 60 lac,
ITR 4S can also be filed by opting sec 44AD and declaring only 8% of turnover as profit, in this case also tax audit is not applicable,
ITR 4S can also be filed by opting sec 44AD and declaring only 8% of turnover as profit, in this case also tax audit is not applicable,
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Exiting partner in partnership firm in gst portal
- CLOSING STOCK QUERY
- Gst on travel by air for business purposes
- Rent claimed on building given on permissive possession basis
- Technical Glitch in ITR-4 Online Form (AY 2026-27): Sec 44AE Partner Remuneration not mapping to E8
- Residential status of non resident
- NRI INSURANCE ADVISOR
- Applicability of Books of Account for Commission Income (Sections 194D & 194H)
- TDS _Long term Capital Gain ref.sec 214 Table 2
- Error in uploading Form 10BD
- Missed TDS
- Query regarding Item 61/62/63 vs Item 64 in ITR-3
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
