DIRECT TAX QUERY
Hello Fellow Members!
Want your valuable opinion regarding following issue.
Issue: MR. A had opted for 44AD & Filed ITR 4S for AY 2018-19. But, now for PY ENDING 31st March 2019 (i.e AY19-20) he wants to pay 'Tax higher than presumptive rate' i.e under regular structure, which works out "more than" presumptive rate.
1) So can he do so. If no then why?
2) Which ITR to be filed for AY 2019-2020.
Menu
WHICH ITR TO BE FILED??
Replies (2)
1. Yes, he can.
2. Let ITR for AY 2019-20 be declared; but it will be equivalent to present ITR3.
Thanks a lot sir for your views.
Recent Topics :
- Comparative BS PL with Audit report
- Source of funds in IT returns
- Work from home job
- TDS ON ANY PURCHASE OF ANY GOODS - 393(1)
- TDS on payment to a non resident
- NSFA(National Food Security Act) commission
- RCM applicability on petty GTA freight (₹450
- Short payment reccieved in export & GST implic
- Parag Gupta vs Purushottam Aggarwal- who is best f
- GST applicability on own-vehicle goods transportat
Related Topics :
ARTICLESHIP
30 September 2026
CA Article Assistant
CA Suraj Garg & Associates
New Delhi
CA Final
View Details
ARTICLESHIP
18 September 2026
Industrial Trainee
Twenty Point Nine Five Ventures Private Limited
Noida
CA Inter
View Details
ARTICLESHIP
07 September 2026
Article/ Paid Assistant
Murali and Sumeet Chartered Accountant
Bengaluru
CA Foundation
View Details
CCI
Pro
CAclubindia
