Hi,
I have been filing Income Tax Returns in form ITR 2 for two of my friends over last 3-4 Years. They have only commission income from PAN CARD CLUBS. Have I made a mistake by not showing it in ITR 4 ?
As far as TDS Refund is concerned, they have received it properly without any question from IT Dept regarding the form used for Return.
Please Guide.
Is it really a mistake in choosing a ITR 4 instead of ITR 2 ? or it actually doesnt matter ? Casue I m showing required amounts of Gross incomes as per TDS certificates and expenses under section 52.
What are the disadvantage of using ITR 2 instead of ITR 4??
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