20 July 2011
if an individual having income from business& whose turnover is below limit of U/S 44AB, which ITR form he must file? if he don,t opted for presumptive section
20 July 2011
ITR-4s is for Individuals and HUF's who have business income and declare their income under the provisions of presumptive taxation. Whereas, ITR-4 is for Individuals and HUF's who have business income but go by normal taxation rather than presumptive taxation. Now, w.e.f A.Y. 2011-2012 we can tell that ITR-4 is for Individuals and HUF's who have business income and get their books of accounts audited.
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