Form for filing itr 2016-2017

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Individual has engaged in 2 business. For one, he is keeping regular accounts. For the other, he is computing his income on presumptive basis. His overall turnover is below the limit for audit under Section 44AB. Which form of ITR is required to file his IT return.
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ITR 4, WHERE IN YOU CAN MENTION BUSINESS U/S 44AD

I have filled up the regular income details in the BS & PL page, and almost filled up the form.  In the form BP, under section 44AD, I have furnished the presumptive income also.

But instead of the presumptive income getting added to the regular income,it gets subtracted due to row number 4 of the sheet BP in ITR 4.

How to over come this?

The individual has got income from 3 heads.

1. Business income (where books of accounts are maintained) - Though not mandatory as per 44AA

2. Salary Income

3. Business income (No books maintained)

Definitely He has to use ITR 4 for the AY 2016-2017.

Since accounts are there, the form is filled up with all details for item 1.

Item 2 is also accomodated in the sheet under salaries.

Where as the income under 3, (44AD), while entered in sheet BP, this is getting treated as already included in business income and there is no change in aggregate income. This happens in the ITR 4 utililty files provided by the IT department.

Is there are any alternatives, to show the income under 44AD, in addition to the regular business income?

 


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