26 January 2013
ITR -4 IS MEANT FOR THE ASSESSEES HAVING BUSINESS INCOME AND/ OR OTHER INCOMES. AND THE BUSINESS INCOME IS NOT COMPUTED UNDER PRESUMTIVE BASIS U/S 44AD / 44AE.
WHERE AS ITR -4S IS MEANT FOR INCOME FROM BUSINESS COMPUTED ON PRESUMTIVE BASIS.
26 January 2013
ITR 4 & ITR 4S , both are applicable to the persons having income from business or profession. . ITR 4S can be used if the person is having income from - Salary, pension, One House Property, business income of which can be shown U/s 44AD or 44AE and Interest Income. . ITR 4S can not be used means ITR 4 will only be applicable - 1. Tax Audit Case 2. Professional or commission Agent 3. Capital Gains Income 4. More than 1 house property income. 5.Agriculture income 6.Having Interest in the property out of India. .
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