UPTO F.Y. 2019-20 a person filed ITR 4, then F.Y. 2020-21 he filed ITR 3 as the loss was booked and carried forwarded, can he filed again ITR4 for F.Y. 2021-22? Answer needed.
ABHIJIT MANNA (ACCOUNTANT) (447 Points)
22 July 2022UPTO F.Y. 2019-20 a person filed ITR 4, then F.Y. 2020-21 he filed ITR 3 as the loss was booked and carried forwarded, can he filed again ITR4 for F.Y. 2021-22? Answer needed.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177824 Points)
Replied 22 July 2022
Whether he has business income or profession?
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 23 July 2022
ABHIJIT MANNA
(ACCOUNTANT)
(447 Points)
Replied 23 July 2022
he had only Business Income, not profession.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177824 Points)
Replied 23 July 2022
No. He has to file ITR 3 with tax audit report till next 4 years (totally 5 years), as opted out of sec. 44AD in AY 2021-22.