Itr4 - a clarification ?

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.

 

 

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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