Dear all,
There is a big problem with the printing out of the SUGAM forms as it has to be printed in the specified colour.
But in my personal opinion, we can still fill ITR-4(normal) for persons declaring income u/s 44AD and e -file it or manually submit it as per our need as the old ITR-4 still has all the coloumns.
So i think that it is at the option of the assessee to file his return in either of the Forms.
Please discuss.
Regards
CA Ashwani Agarwal
If a person neither a contractor nor declaring income u/s 44AE then which ITR (ITR-4 or ITR-4S) filed
one of the individual dealer having wholesale business for assessment year.2011-2012,turnover approx rs.3000000 & net profit rs.115000,shall he file itr4 or itr4s?will he liable for tax audit?
and in the above case if his profit is above 8%,say rs.241000,will he liable to file in itr4s.
@ jay rajendra damaniya...
(its compulsory to declares profit 8% or more on turnover if no audit ) itr 4s being filed.
if wants to show profit less than 8%.. audit by practicing chartered accountant wil be compulsary
ITR-4: ITR-4 form will be used for Individuals and HUFs having income from a properietory business or profession for the Assessment Year 2011-12 as per Rule 12 of the Income Tax-Rules,1962)
ITR-4S (SUGAM): This form will be used for submitting online Indian Income Tax Return for Presumptive Business Income Return. for the Assessment Year 2011-12 as per rule 12 of the Income Tax-Rules 1962.
HOW TO FILE INCOME TAX RETURN U/S 44 AF IN E-FILLING IN GOVERRNMENT WEBSITE FORM
CAclubindia
