NEW ITR-4S

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Querist : Anonymous

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Querist : Anonymous (Querist)
24 June 2011 IF ONE ASSESSEE MAINTAING BOOKS OF A/C AND HAVE RETAIL BUSINESS WITH MORE THAN 8% PROFIT THEN WHICH RETURN SHOULD HE FILE, ITR-4 OR 4S?

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Guest (Expert)
24 June 2011
Applicability of ITR would depend on the Amount of Turnover.

24 June 2011 ITR-4S cannot be filed if it is a case of tax audit. Otherwise if the profit is more than 8%, the asseessee can file any one of the two forms.




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