Which itr select for e-filing
This query is : Resolved
Rakesh Raval
(Querist)
08 September 2012
Assesse is Civil contractor and made turnover of Rs.51,00,000/- and also made loss in land Rs.2,40,500/- Short term capital loss. Then the assessee do not want to audit his accounts but filing his return accept 8% profit of turn over. So He file his return ITR - 4 accepting 8% profit.
Dintakurthi Tirumala
(Expert)
08 September 2012
Yes, Filing of ITR-4 would be accept.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
SANYAM ARORA
(Expert)
09 September 2012
Itr 4 will be suitable
Dhirajlal Rambhia
(Expert)
07 October 2021
To avoid tax audit the income from contractor business should be declared under presumptive assessment with minimum 8% as deemed profit. Yes, ITR 4 was required to be filed.
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