Persumptive income

A.Muthu Kumar (Service) (83 Points)

30 March 2017  

Hi,

I have small proproitership company and nature of business is Corporate business advisor.I dont want to maintain the accounts at this period. So In my case can i opt/file the IT return under Persumptive Income/ITR4S.

Pls tell me the Pros and Cons if i opt ITR4S.

Note:My turnover is less than 1 crore

Regards,

Muthukumar