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Which ITR to file? ITR4 or ITR3

ITR Filing 354 views 1 replies

Hello,

I am expecting my professional income to cross 50 lakhs this year, previously I was filing ITR4 return under section 44ada.

I know that ITR 4 is (was?) for people whose income fall under 50lakh. With the increase of 44ada limit from 50lakh to 75 lakh, I am not sure if the income threshold is also increased for ITR4 in AY 24-25.

Cloud someone please clear my doubt. Can I file under ITR4? if not which ITR is for me.

Thank You

Replies (1)
Can file itr 4 upto 75 lakh limit. above that can't use presumptive scheme.


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