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Change of ITR Form

Ashish (Chartered accountant) (183 Points)

10 January 2021

A.Y 2018-19 , ITR-4 has been filled
A.Y 2019-20, ITR-3 has been filled

now in A.Y 2020-21, ITR-4 can be filled or ITR-3 have to filled ?

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10 Replies

ayusmita (Tax consultant) (5890 Points)
Replied 10 January 2021

As per the requirement you change
if you elaborate more then I can say

Kapadia Pravin (17264 Points)
Replied 10 January 2021

No you can not file ITR4 for next 5 years. For AY 20-21 you have to file ITR3.

ayusmita (Tax consultant) (5890 Points)
Replied 10 January 2021

He will not able to take advantage of persumative return as per the rules and regulations that's all

Ashish (Chartered accountant) (183 Points)
Replied 10 January 2021

But, i m trying to open ITR-3 excel utility, it shows corrupt file

Smit Shah (524 Points)
Replied 10 January 2021

Depends on certain conditions

ayusmita (Tax consultant) (5890 Points)
Replied 10 January 2021

File itr 4 with normal return not taking the advantage of itr 4 presumitative income expemption and all as time is less and your utility is not opening but a normal return if you are not audited and no commission and brokerage and others factors

Kapadia Pravin (17264 Points)
Replied 10 January 2021

Under section 44ADA you are not allowed to switch back to 44ADA ITR4 from ITR3.

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ayusmita (Tax consultant) (5890 Points)
Replied 10 January 2021

What he do if his utility and others things not working and we can't let them for penalty

Kapadia Pravin (17264 Points)
Replied 10 January 2021

It's both 44AD and 44ADA (REF. to above reply)

ayusmita (Tax consultant) (5890 Points)
Replied 10 January 2021

Ok let it be don't fill itr 4 if you don't understand properly I telling as per my personal experience
so in your case simply download pre xlm of the client and if you have other clients itr3 download of current year then import and filled