Itr 3 vs itr 4s- clarification requested
This query is : Resolved
22 June 2018
Dear Sir, Kindly enlighten the difference between ITR 3 Vs ITR 4S. Because 53(I) a, b, c, d of PART A -P & L of ITR 3 : in case where regular books of accounts of business or profession are not maintained, furnish the following information for previous year 2017-2018, in respect of business or profession
ITR 4S is meant for presumptive income U/s 44AD, 44AA, on the turnover, @ 6 % or @8% or @ 50% accordingly, this is also a case where regular books of accounts of business or professional are not maintained,
In both cases, books of accounts are not maintained, hence what is the difference?
ITR 4S is meant for presumptive income U/s 44AD, 44AA, on the turnover, @ 6 % or @8% or @ 50% accordingly, this is also a case where regular books of accounts of business or professional are not maintained,
In both cases, books of accounts are not maintained, hence what is the difference?
22 June 2018
As per my view and simply said as following
Some of the Assessees can't avail the scheme of presumptive taxation u/s 44DAD...They can move with ITR 3 as "No maintenance of Accounts"
Some of the Assessees can't avail the scheme of presumptive taxation u/s 44DAD...They can move with ITR 3 as "No maintenance of Accounts"
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