Section 44ad

This query is : Resolved 

18 February 2012 Hello sir,
My wife has income from BHARAT GUNTHAN WORK.
Total turnover is 550420/-, i want to know that it is mandatory to file ITR-4s(sugam)?

Can i file ITR-4 ?

18 February 2012 yes if u have only income from business which is covered u/s 44ad then u have to file 4S.

But in some cases u can file itr 4
as when u have income from house property from 2 houses.
as when capital gain arise.

if u filed itr 4s scrutine will not arise for your case.

19 February 2012 To file ITR 4S is a simple "stitch" work.
.
To file ITR 4 is really more typical than the "BHARAT GUNTHAN" work.
.
If your wife is doing that work, it doesn't mean that the return should also be filed in the like manner.
.
However, being a risk taking person, if you want to file the return in ITR 4 only, you may do so. There is no denial from the department. It is more adventurous than to file in ITR 4S.




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