Which itr form individual sole proprietorship ay 2015-2016

Hello,

ITR 4S has been specifically prescribed for the assessees showing their business income on presumptive Basis and are having Turnover/Gross Receipts not exceeding Rs 1crore.

However, for professionals and persons carrying on business having 1 Crore above turnover , have to file the TAx Audit Report and their return will be filed in ITR4. (Compulsary for audited & optional for Non audited)

You can go for ITR-4 ! 

Thanks 

Regards

Deepak Sharma

Originally posted by : Deepak sharma
	Hello, ... You can go for ITR-4 !  Thanks  Regards Deepak Sharma

Thanks a lot. SO I can go for ITR 4 since the persons's income is NOT presumptive business income.

Shanthi

Yes, ! Please go for ITR4