Which itr applicable 4s or itr 4

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

07 January 2016 DEAR SIR,
MY CLINT STARTED BUSINESS TAILORING BUSINESS.MY CLINT INCOME SHOWN IN MORE THAN 8% OF BY TAILORING RECEIPTS.I CONFUSED WHICH ITR FILLED INCOME TAX. I HAVE INCOME SHOW IN U/S 44AD ITR 4S. THIS IS PROFESSION BUSINESS ITR 4 IS APPLICABLE OR NOT

Ankur Singhal

Ankur Singhal (Expert)
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07 January 2016 Dear
File ITR 4S in this case.
The requirement of the section 44AD is to show atleast 8% as profit of your turnover.
You can show high % as you wish.

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

08 January 2016 THANK YOU ANKUR SINGHAL SIR

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