hello sir
i have a proprietor firm, Last year turnover 40 lac. i m confused in filling my itr some people say me to fill itr3 some itr4.
pls confirm me about itr filling
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itr filling option
Replies (1)
If your business is eligible for presumptive assessment u/s. 44AD, and you wish to declare minimum 6/8% of profit margin over turnover, you can file ITR4; otherwise go for ITR3. (i.e as per IT act)
Under GST you have to file required returns without any turnover criteria; once you are registered.
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