saral form
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 July 2011
a person having capital gain and property dealing commission turnover of 30 lacs on which net profit is more than 8%. i believe he has to file ITR-4 and not ITR-4S, whether tax audit is required just because of the reason that he is filing ITR-4?
13 July 2011
ITR 4 is to be filed, tax audit is not applicable as turnover does not exceed 60 lac,
ITR 4S can also be filed by opting sec 44AD and declaring only 8% of turnover as profit, in this case also tax audit is not applicable,
ITR 4S can also be filed by opting sec 44AD and declaring only 8% of turnover as profit, in this case also tax audit is not applicable,
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