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ITR 4 ot 4S
Hello everyone....I have an query as one of my colleague is engaged in providing Gym services. whether he should file ITR 4 or 4S. His yearly receipt is 13 lacs.
Replies (2)
Can file either of ITR 4S or ITR 4. Gym income can be assessed u/s. 44AD.
professional income not be covered u/s 44ad of income tax. better to file itr4 with no book of account maintain in profit and loss account and bs. with turn over and profit only. also entered amount in balance sheet
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