Itr-4

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

17 June 2013 i am a proprietor

i am not maintaining books of account. now i want to file income tax return.

can i file ITR-4 & use No Account Case...?

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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17 June 2013 It is very risky affair if business is done without maintaining accounts.
.
In your case ITR 4S will be applicable.

(It is not prudent to purchase a Reservation Ticket in "Tatkal" when the regular booking
shows availability.)
.
You have to furnish more details in ITR-4 like Gross Profit and Expenses.

So, its better to file ITR 4S.
.

CA Kapil Verma

CA Kapil Verma (Expert)
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17 June 2013 i agree with the expert.

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Guest (Expert)

17 June 2013 Right advice by CA Paras Bafana

CS RAJESH C.CHOUDHARY

CS RAJESH C.CHOUDHARY (Expert)
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17 June 2013 Agree with Expert.

CA. RICHI SAXENA

CA. RICHI SAXENA (Expert)
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18 June 2013 Agree with the Expert.. For being on the safer side and as the complete information will not be available for filling the ITR it will be better to go for ITR-4S.