Caclubuser (Accountant) (98 Points)
17 August 2021Dear Experts,
An individual trader is liable to maintain books of accounts as per section 44AA(2) if his turnover or profit exceeds the prescribed limit. If he is liable to maintain so, can he furnish his return of income through ITR-4?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177741 Points)
Replied 17 August 2021
Unless provision of subsection (4) section 44AD, applicable; and if he is eligible assessee as per section 44AD; he can take advantage of presumptive assessment u/s. 44AD
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 18 August 2021
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177741 Points)
Replied 24 August 2021
In protest against ADMIN for its discriminatory behavior among different members, I leave the portal permanently. Good Bye.
CAclubindia
