I am an individual. I want to file my annual returns for the year ended 31.03.2011. Which form should I fill to file annual return. My income is from small business in which Tax Audit is not applicable.
30 September 2011
First of all SrhiShail it is Income Tax Return and not the Annual Return. Annual Return is a term used for the Company's return filed annually to ROC.
As you said you have a business income, you can go for ITR-4 or 4 S (Sugam).
Sugam is for those who are having presumptive income i.e. (contractors, transporter and Retail business man who dont keep their books of accounts).
Advise: Return filing is not required if you dont have income from business exceeding the basic exemptio limit of Income Tax. i.e. 160,000 for PY.
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