Hello Everyone
For an individual proprietor I assume we need to use ITR4 for filing.
If so there are not provisions for 80C and 80D in ITR4 ?
Please help.
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Itr4 - a clarification ?
Replies (6)
See sheet (chapter) VIA
Sheet VI A- in ITR- 4 you will get 80 Deductions
Hey
there is an option which mention in Schedule VI-A Deductions under Chapter VI-A.
Rahul
u need to file ITR 4 if you are having business or profession, then Schedule VI-A Deductions also available.
It is not necessary to file ITR 4. You also have the option to declare income on presumptive basis and go for form 4S, i.e., SUGAM. There are several benefits of choosing the later option such as non requirement of maintainance of books of accounts, cash payments in excess of 20,000 allowed etc.
CA Rohit Jain ,i agree with this statement
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