Income tax return

This discussion explores filing an ITR-4 using the presumptive income scheme, specifically for individuals with no formal business wanting to declare income between 4-5 lakh. Participants question the legality and implications of showing a Rs 20 lakh cash turnover under Section 44AD and claiming 20-25% profit. While possible, it's advised to be prepared for scrutiny regarding the cash turnover, even when not maintaining detailed accounts.