UPTO F.Y. 2019-20 a person filed ITR 4, then F.Y. 2020-21 he filed ITR 3 as the loss was booked and carried forwarded, can he filed again ITR4 for F.Y. 2021-22? Answer needed.
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Income tax form selection
Replies (4)
Whether he has business income or profession?
No ITR-4 can't be filed for next 5 years
he had only Business Income, not profession.
No. He has to file ITR 3 with tax audit report till next 4 years (totally 5 years), as opted out of sec. 44AD in AY 2021-22.
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