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Itr4 to itr4s
My client has been filing ITR4 from past 10 years now he want to file ITR4S due to heache of maintenance of accounts but scared of stuck in scrutiny.
Can ITR4S be filed now and are there any chances of stuck into scrutiny.
Pls reply
Replies (2)
scrutiny can be for any type of return.. it is normally selected on random basis based on directions issued by ministry of finance... so whether it is itr 4 or 4s, it doesnt matter.... if your client is running a business and has turnover of less than 1 crore then he can opt for presumptive taxation u/s 44ad and accordingly file itr-4s.
Thank you for the reply sir.
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