ITR Return for proprietorship

ITR 258 views 4 replies

Sir,

one of my friend has a proprietorship firm having turnover around 20lakhs which ITR should file, he has to claim some tds refund from his business

Replies (4)
ITR-3
If books are maintained fill p&l and B's
otherwise fill under 44AD
Books are maintained perfectly but they are filing gst returns
Since your turnover is less than 20 laks it is better to opt for presumptive Scheme... That is declare 8% of the turnover as GTI... ITR 4 is to be used for that...


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