I have filed my return for AY 2018-2019 in ITR 4. And next I have to file the return for 2019-2020 under ITR 3. Can I do so?
Vipul Khambhaliya (38 Points)
10 April 2019I have filed my return for AY 2018-2019 in ITR 4. And next I have to file the return for 2019-2020 under ITR 3. Can I do so?
Ruchika Somani
(Coaching and Practice in Tax Audit Law.)
(4429 Points)
Replied 10 April 2019
Hemant Deshmukh
(student)
(286 Points)
Replied 10 April 2019
If you wish to declare PGBP income under normal assessment, with net profit below 6/8%, you need to audit your accounts & cannot adopt sec, 44AD for next five years. But if its under for section 44ADA/44AE, you can change the form without any other obligation/s.
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