Income tax

Himanshu (student) (50 Points)

01 October 2020

Upto last fy I was filing itr 4 (44ad) now don't have turnover but have stock. Which itr should I file.?

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(Guest)

ITR4. Same as last year.

ayusmita (Tax consultant) (5885 Points)
Replied 01 October 2020

Same itr 4 which you are filling

Nidhi (Chief Accountant) (3150 Points)
Replied 01 October 2020

But if person doesn't have any turnover, than what to show in ITR 4 ?

ayusmita (Tax consultant) (5885 Points)
Replied 02 October 2020

He have stock

Himanshu (student) (50 Points)
Replied 03 October 2020

Yeah that's why have to file 4

Amit Khare (204 Points)
Replied 08 October 2020

But having no turnover defeats the concept of 44AD. In case of only stock and no turnover, will have to go towards Itr 3

ayusmita (Tax consultant) (5885 Points)
Replied 09 October 2020

WHO FILLS ITR3

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