18 July 2015
Dear Shri.Seetharaman I thank you very much your prompt reply but my quarrey is different We are maintained books of accounts for the ay 2015-16. Iam not intrested to file Itr 4s and my profit ratio is very very low I cannot pay 8% profit on turnover. In such case which return I have to file for ay 2015-16 and which is the mode of filing. Whether it is available on net and what is the status of ITR 4. please respond soon
Chandrasekhar
18 July 2015
in a net case, you have to maintain books...otherwise 44AD will automatically trigger for turnover less than 1 cr irrespective of whether you file ITR-4 or ITR4s. So file ITR-4 with books of accounts.
CAclubindia
