12 July 2019
LAST YEAR I HAD FILED ITR-3 AS I HAD SALARY AND CONSULTING INCOME. THIS YEAR I AM FILING ITR 4S AS I HAVE NO SALARY INCOME BUT ONLY CONSULTING INCOME. IS IT OK TO DO SO.? Will I have to continue with 4s for further few years or again i can change the form next year depending on my income
12 July 2019
WHAT IS THE DIFFERENCE WHEN I OPT FOR SEC 44ADA IN ITR3 AND ITR4S. IF I CHOOSE ITR3 PROFIT AND LOSS SHEET SECTION 44ADA. THEN WHETHER THE SAME RULES OF ITR 4S LIKE OPTING BACK ONLY AFTER 5 YEARS APPLIES?
31 May 2020
The ITR-4 Form is the Income Tax Return form for those taxpayers, who have opted for the presumptive income scheme as per Section 44AD, Section 44ADA and Section 44AE of the Income Tax Act. However, if the turnover of the business mentioned above exceeds Rs 2 crores, the taxpayer will have to file ITR-3