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Itr 4s or itr-1

panjwani (software engineer) (25 Points)

23 June 2013

Hi - I'm salaried person from pvt firm. I've been filing ITR-1 for many years. Last year I got convinced that ITR 4S is more suitable for me and I filed it. This year I'm confused and not sure which form should be filled. Please help me differentiate difference and suggest right form.

Thanks in advance.

Regards,

Panjwani

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12 Replies

CA Kedar Sakhardande (Proprietor) (942 Points)
Replied 23 June 2013

If you are a salaried person getting Form 16 go for Form No ITR 1

(ITR 4S is presumptive Income, why you want to go for it ?)

Regards

ANAND S (student) (162 Points)
Replied 23 June 2013

ITR 4 for Income from property business or profession in that business who have presumptive income as specified in income tax act they need to file ITR 4S. As you are a salaried person only salary income you have then you should file only ITR 1 only

Ganeshbabu K (Audit and Tax Advisory) (48559 Points)
Replied 23 June 2013

You should file ITR1 only

manoj (student) (5205 Points)
Replied 23 June 2013

ITR 1 and ITR 4S both have same colour

but u go for ITR 1

CA S.VIJAY NARERNDRA (CA,M.COM,CS final) (132 Points)
Replied 23 June 2013

Originally posted by : CA Kedar Sakhardande

If you are a salaried person getting Form 16 go for Form No ITR 1

(ITR 4S is presumptive Income, why you want to go for it ?)

Regards

AGREED

Ram Asheshwar Pjiyar (Tax officer) (42 Points)
Replied 24 June 2013

Go with ITR-I

Mukesh Babu (IPCC Student) (236 Points)
Replied 24 June 2013

Proceed with ITR1

panjwani (software engineer) (25 Points)
Replied 30 June 2013

Thanks everyone. Now the issue is by mistake I've submitted ITR - 4S last year. Can I re-submit my ITR with ITR-1 ONLINE. what is the process? Please advise.

Focus (CA-Final Student) (272 Points)
Replied 04 July 2013

Revise your last years return and resubmit a new return in ITR 1

CA Vinay parmar (Chartered Accountant) (1318 Points)
Replied 04 July 2013

ITR 4s is for Business Income, go for ITR 1, and yes you can revised your last year return

sandeep (21 Points)
Replied 18 October 2015

Dear Sir,

I worked in Saudi Arabia from Dec 2013 to Nov. 2014 in Saudi Arabia. Saudi is a tax free country. I got my salary in cash which i transferred to my icici bank account, held in india. i want to know whether i have to pay any taxes and need to file itr, if need to file itr, which itr i should file, itr1 , itr 4s etc. Total amount i transferred to my icici account from april 2014 to nov 2014 is approx 7 lakhs. I held one nro account with idbi, in which they have deducted rs 2130 as taxes, and it is also showing as refundable amount in my online profile for filing e taxes.
Please respond. I was unemployed from dec 2014 to april 2015.