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Itr 4s filing
I am a contract employee hired by a company, whose primarily work is associated with development of softwares. Am I eligible for filing itr 4s?
Replies (4)
Quick Summary
Yes, you are eligible to file your Return In ITR4S
Sir, I will be filing under sec 44ad or 44 ae, and sir also what is the value of rebate u/s 87a for fy 19—20
You can file return of under sec 44ADA (computing profits and gains of profession on presumptive basis)
Rebate for A.Y. 2020-21 Is 12500 if your Total Income does not exceed Rs. 5,00,000.
Total income u/s 44ADA = 50% of Total Gross Receipts.
Rebate for A.Y. 2020-21 Is 12500 if your Total Income does not exceed Rs. 5,00,000.
Total income u/s 44ADA = 50% of Total Gross Receipts.
@ Mr SHIVAM GUPTA.,
You can file ITR 4 u/s 44ADA with 50% of profit on Your contract receipt (income).
Your income is can't fall in 44ad and 44ae...
(Note : ITR 4s is now ITR 4)
You can file ITR 4 u/s 44ADA with 50% of profit on Your contract receipt (income).
Your income is can't fall in 44ad and 44ae...
(Note : ITR 4s is now ITR 4)
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