can i file itr 4 for coaching business
latest now (16 Points)
21 August 2018
income below 3 lakhs turnover 16 lakh
4 Replies
CA Bhavik Soni
(867 Points)
Replied 21 August 2018
yes you can opt 44AD and can file itr 4 accordingly
CA Bhavik Soni
(867 Points)
Replied 21 August 2018
welcome. follow me on twitter for more updates @ cabhaviksoni
CA P V N Varma
(CA )
(609 Points)
Replied 21 August 2018
your Turnover is less than 2 crores.. you can file ITR 4 as Presumptive Return U/s 44AD and must show at least 8%of turnover (6% in certain cases)as Business income and no need to maintain books .. once you file Presumptive return current year then you must file ITR 4 for next 4 years.. if you fail to file ITR 4 for continuously 5 years then Tax audit U/s 44AB is applicable as well as liable to maintain books of accounts U/s 44AA.. so be careful while filling Return
Recent Topics
- Share office desk in bkc, near family court
- 80D claim for payment paid by parent
- TDS on purchase of Flat under subvention scheme be
- Nznxnc call me at the end of the day of the
- Nsje snswk fjw ed le ene djff ne enje ejdd rejje
- Hxjcif the day I have been in touch with me and
- Iska djd djrbdsjebshe sir ur rei ejr reinr the jr
- GST registration for medical shop in Karnataka
- Hsshs me know if you are free number of the
- Chu Kang and the situation of the situation and I
Related Threads
CAclubindia
