I have filed my return for AY 2018-2019 in ITR 4. And next I have to file the return for 2019-2020 under ITR 3. Can I do so?
3 Replies
Ruchika Somani
(Coaching and Practice in Tax Audit Law.)
(4429 Points)
Replied 10 April 2019
yes you can file. Now for next 5 years you wont be able to go back to ITR 4 again
Hemant Deshmukh
(student)
(286 Points)
Replied 10 April 2019
If you wish to declare PGBP income under normal assessment, with net profit below 6/8%, you need to audit your accounts & cannot adopt sec, 44AD for next five years. But if its under for section 44ADA/44AE, you can change the form without any other obligation/s.
Recent Topics
- ITC on Car loan processing charges
- Documentation to Substantiate Foreign Travel as Bu
- Deficiency Letter
- DRC 01 along with SCN not received
- GSTR 7 amendment
- Change Reason For Challan in already paid chalan
- 🤖 The Future of Tax Filing: How Automation
- Andromeda Aagents income
- GST RFD 01
- Monthly Pension from EPFO exempt or taxable?
Related Threads
CAclubindia
