practitioner
553 Points
Joined February 2012
U can file ITR 4, presumtive taxation.
But once u opt out from presumtive taxation, U cannot file ur return uinder presumtive taxation scheme for the next five years.
This does not mean u need to go for tax audit. U can file ITR 3 without tax audit giving all the particulars,and disclosing profit 50% of your receipts.