Good Morning Sir,
A person having Testing Laboratory which ITR has to be filed this year where he is proprietor and he is not maintaining books. Income is under 2.50 lac per annum. Please guide me accordingly.
4 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(185347 Points)
Replied 26 June 2017
For no books of accounts maintained, ITR 4 is suitable if your business is elegible under 44AD and turnover is below 2 crs.
sugandhi@123
(accountant)
(44 Points)
Replied 26 June 2017
Sir I think he is earning professional income . Can he add in 44AD or 44ADA in ITR 4 sugam?. As ITR 4s and ITR 4 changed now. Please guide me again in this matter.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(185347 Points)
Replied 26 June 2017
CBDT has given us option to declare income under presumptive scheme, but based on trust that we do not work on presumption.
For exact solution get proper data........... nature of business total turnover etc.....
For your learning:: All the income by way of presumptive assessment can be declared under ITR4 for AY 2017-18, (be it u/s. 44AD or 44ADA or 44AE)
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