Filing of returns

File ITR 4.

File ITR 4S - If Turnover is less then 1 Cr provided income computed @ 8% of Turnover. If income is computed below 8% then Tax Audit compulsory.

Due date of filing ROI is July 31. If assessee covered under Tax audit then September 30.

A belated Return can be filed within one year from end of assessment year.

YUP , ITR-4 or ITR-4S ( for those taxpayers who have opted for the presumptive income scheme as per Section 44AD )

HOWEVER ITR-4S is  NOT applicable to:

• Income from commission or brokerage
• Agency business
• Business of plying, hiring or leasing goods carriage (see section 44AE)
• Professionals – who are carrying on profession of legal, medical, engineering, architectural, accountancy, technical consultancy, interior decoration, an authorized representative, film artist, company secretary and information technology. Authorized representative means – any person, who represents someone, for a fee or remuneration, before any Tribunal or authority under law. Film Artist includes a producer, actor, cameraman, director, music director, art director, dance director, editor, singer, lyricist, story writer, screenplay writer, dialogue writer, dress designer – basically any person who is involved in his professional capacity in the production of a film.

TIME LIMIT : as mentioned by jain ji