individual having income from business and profession with turnover of 25 lakhs income from house property
can ITR 4 be filed in this regard?
Replies (5)
Quick Summary
This discussion addresses queries about filing Income Tax Returns (ITR). It clarifies that ITR 4 can be used for income from business and profession with a turnover of 25 lakhs, especially if opting for presumptive taxation. It also confirms that a student who broke an FD funded by their father can file ITR 1, provided they have a PAN and are a major.
I am a student but my father did FD from his money to my account of 5 lakh rupees for 3 years and last year I broke it in 2019 october. now I want to get some refund. can I file itr 1?