Itr form 4s

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Querist : Anonymous

Querist : Anonymous (Querist)

24 August 2014 Can an Practising Advocate File ITR in form 4S?

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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24 August 2014 No. ITR4S not applicable for Professionals. ITR4 should be filed.

Querist : Anonymous

Querist : Anonymous (Querist)

24 August 2014 But the category of business shows the option for Legal Professionals, Auditors etc...

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TKKKKKK

TKKKKKK (Expert)
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24 August 2014 No you have to file ITR 4. Presumptive taxation is allowed for businessman not for profession.

Querist : Anonymous

Querist : Anonymous (Querist)

24 August 2014 I agree to your reply, but I would like to understand the purpose of showing the Legal Professional, auditors in the business option category

Querist : Anonymous

Querist : Anonymous (Querist)

24 August 2014 Either we are misinterpreting the fact of the section or the section/ITR form is misleading....

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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24 August 2014 Refer Section 44AA(1). Specific exclusion for legal profession.

I think this data base is replica of the same which is in ITR4. See Transporter Business is also there.