Which itr to file itr 4 or 4s?
This query is : Resolved
30 July 2016
My client who has a proprietary business comes under presumptive taxation scheme and want to file the return u/s 44AD. He also receive remuneration and interest from partnership firm and the firm also come under presumptive taxation. Which return he has to file ITR 4 or 4s? Where to show remuneration and interest in 4s? Kindly advice. Thanks
Praffullata
Praffullata
30 July 2016
Form designed is ITR -4
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30 July 2016
itr-4 you can choose Regular books not maintained than declare presumptive income there only you have option to declare income from Partnership.
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30 July 2016
Thank you both of you for the speedy reply.
30 July 2016
Will I get all the benefits of sec 44AD like you don’t have to maintain accounting records,you don’t have to pay advance tax and you don’t have to get your accounting records audited or shall I have to keep and maintain the books of accounts?
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