As per sec 44AD also applicable for FIRM but ITR 4S is available only for individual & HUF. Then what is appropriate ITR Form for FIRM whose total income is less then Rs. 1 crore.
CA RAJA SAHA (Dy Manager(F &A)) (321 Points)
08 July 2013As per sec 44AD also applicable for FIRM but ITR 4S is available only for individual & HUF. Then what is appropriate ITR Form for FIRM whose total income is less then Rs. 1 crore.
C.A. Jignesh N. Mehta
(C.A.)
(1030 Points)
Replied 08 July 2013
ITR5 is the only form. You need to select income taxable under section 44AD in the form.