ITR-4 Related quiery

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538 Points Posted on 06 May 2023
Dear Sir, 1) I have income from business,Commission and consultancy,may I file ITR-4, if not, why ? 2) Deduction 80C, 80D is available in this ITR ?
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On 06 May 2023 at 09:27 Report
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This discussion clarifies the eligibility for filing ITR-4. It explains that if you have income from business, commission, and consultancy, you may not be able to use ITR-4. Instead, ITR-3 is likely the correct form due to income under the head Profit and Gains from Business or Profession (PGBP). The discussion also touches upon the availability of deductions like 80C and 80D.

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Profession
28261 Points Posted on 06 May 2023
Why not itr 2?
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On 06 May 2023 at 12:50
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SEO Sai Gr. Hosp.
212489 Points Posted on 06 May 2023

Due to commission income, only ITR 3 eligible, not ITR 4.

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On 06 May 2023 at 12:55
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SEO Sai Gr. Hosp.
212489 Points Posted on 06 May 2023

Due to income u/h PGBP, ITR 3 eligible, not ITR 2.

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On 06 May 2023 at 12:56
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538 Points Posted on 06 May 2023
Thanks D.R. Sir.
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On 06 May 2023 at 17:02
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SEO Sai Gr. Hosp.
212489 Points Posted on 06 May 2023

You are welcome.                     

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On 06 May 2023 at 17:48

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