ITR applicability

you need to file ITR4 for A.Y.2010-11

ITR 4s not available for AY 2010-11, so the likely option is filing ITR4. B/s and P&L is required to be prepared but it is only one time preparation. Then you can continue filing under ITR 4s.

please note that tax under presentive section can be be filed only if you are not liable to tax audit. Please keep that in mind. In csae of F.Y. 09-10 being an audit case, u will be liable to penlaty as well..

Dear vinni,

by assuming that you have knowledge of section 44 AF for fy- 09-10 i.e. ay-10-11, and the same is applicable to milk distributor's case, my advice is that, ITR-4 should be filed in this case. Return has the additional coloumns for filling the information where balance sheet and profit & loss account are not required to be maintained.

itr 4 is applicable.  but no need to fill balance sheet and profit and loss. just tick No account case. you will have to fill the following:

1. total sales
2. direct expenses
3. gross profit
4. expenses
5. net profit
6. cash in hand

ITR 4 is applicable but no need to fill balance sheet & profit n loss details. Just fill d short summary like sundry debtors, sundry creditors, stock, cash balance, Gross Receipts/Turnover, Gross profit Total Exp.& Net Profit in ITR 4.

BUT IN NO BOOKS OF ACCOUNT CASE RETURN IS FILED UPTO RS 1,20,000 ABOVE THIS WE HAVE TO PREPARE BALANCE SHEET AND P/L A/C.

THANKS.