On filling ITR-4 there is requirement
Are you filling return of income under seventh provisio to section 139(1) but other wise not required to furnish return of income........................ What to select Yes/ No?
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Replies (3)
Select no,
a) if your income exceeds basic exemption limit or
b) income below besic exemption limit and follwing transactions if occured and limit hasn't been crossed.
1. not deposited 1 crore in current account in previous financial year
2. not spent 2 lakh on foreign travelling
3. No electricity consumption exceeds 1 lakh.
a) if your income exceeds basic exemption limit or
b) income below besic exemption limit and follwing transactions if occured and limit hasn't been crossed.
1. not deposited 1 crore in current account in previous financial year
2. not spent 2 lakh on foreign travelling
3. No electricity consumption exceeds 1 lakh.
If Your Income more than basic Exemption limit (above Rs. 2,50,000) than select ""NO"".
OK thanks very much for cooperation.
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