Sectopm 44ab and section 44ad of the income tax act 1961

This query is : Resolved 

20 June 2016 Dear Expert,
My client was so far submitting i.tax return under section 44AB for the last 12years and accordingly tax audit was conducted and ITR 4 was submitted upto the accounting year 2014-15. Now in the accounting year 2015-16 sales dropped to 25 lakhs and accordingly i can opt for the ITR 4S under section 44AD and declare 8% profit on said turnover of Rs.25 lakh. Now my question is whether I can use ITR 4S under section 44AD in place of ITR 4 under Section 44AB Which my client used so long.
Please help.
Thanking You,
Yours Faithfully,
Debabrota Roy.

20 June 2016 Yes, can use form ITR 4S.



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