ITR4 business income.

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729 Points Posted on 31 December 2022
Dear Sir,
Kindly advise FY 2020-21 i have filled ITR4 under 44AD business income from boutique business code 21008 and some income from tution in others. In FY 2021-22 i don't have income from boutique so can I show tuition income in business code 16007 and file ITR4
Or file ITR1 Please suggest
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On 31 December 2022 at 16:45 Report
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Quick Summary
This discussion addresses queries regarding filing an ITR4 for business income, specifically concerning boutique and tuition income. It explores whether tuition income can be classified under business code 16007 for ITR4 filing in FY 2021-22, or if ITR1 is more appropriate. The thread also touches upon understanding income tax refunds and calculating turnover for Section 44AD when GST registration thresholds are crossed.

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CFO- at NHTF
58280 Points Posted on 31 December 2022
No. Tution income comes under profession.

You may use ITR-4
8 Reply
On 31 December 2022 at 17:09
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58 Points Posted on 31 December 2022
If ITR4 ALREADY get interest from income tax refund what should i do?
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On 31 December 2022 at 17:43
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CFO- at NHTF
58280 Points Posted on 31 December 2022
What does it mean??
8 Reply
On 31 December 2022 at 17:44
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12 Points Posted on 31 December 2022

hello plz let me know what shud be my turnover for 44ad if my gst turnover is 40 lakhs but gst was taken while crossing the limit of gst threshold.. so total turnover shud be gst turnover + turnover before taking gst??

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On 31 December 2022 at 18:24

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