Itr 4 s

This query is : Resolved 

28 July 2011 if client require itr 4Sugam and he had loss in that year then whether he can claim in the same form n how?

28 July 2011 No you cannot show loss in ITR 4S. As ITR 4S can be filed only if you show 8% profit of your turnover. And if you show profit then you can obviously not claim loss.

If you want to claim loss than file ITR 4.

28 July 2011 It cannot be done,,
ITR 4 has to be filed, it has provision for carry forward of loss and also presumptive income




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