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Can i file ITR 4?

360 views 3 replies

ANIL KUMAR

B.Com

61 Points Posted on 31 August 2019

In A.Y. 2018-19 i file itr 4 for Presumtive income u/s 44AD. In current A.Y. i have Zero Turnover from business. I have also salary income . Which itr should i file ITR 1 or ITR 4 ?

Replies (3)

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

211624 Points Posted on 31 August 2019

If business activity is closed forever, file ITR 1.

ANIL KUMAR

B.Com

61 Points Posted on 31 August 2019

My business is not close yet. Can i file ITR 1 in A.Y. 2019-20 and ITR 4 in A.Y. 2020-21 Or I have to file ITR 3 in A.Y. 2020-21.

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

211624 Points Posted on 31 August 2019

If you business is not closed, and if you wish to continue for next year...

Advisable to file ITR 4 with some small Turn Over figure (with 8% profit) declared in ITR4 ...

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