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Itr 4 or itr 4s

1079 views 9 replies

Riyaz

accountant

310 Points Joined February 2010

my friend giving manpower services to their client. which form he need to be submit for filing his return, ITR4 OR ITR 4S, is ITR 4S is eligible for him, pls reply

Replies (9)

CS RAJESH C.CHOUDHARY

ASSISTANT MANAGER

14607 Points Joined July 2011

ITR4 According to me.

Regards,

RAJESH CHOUDHARY

Mukesh Kumar

Accounts Manager

1466 Points Joined August 2013

ITR 4 IF HE EARN INCOME ONLY FROM PROFESSION AND BUSINESS , ITR 4S IF HE EARN MORE INCOME FROM OTHERS SOURIES AND SALARY

GOOD LUCK

CA ANKUSH AGGARWAL

CHARTERED ACCOUNTANT

2782 Points Joined July 2009

Originally posted by : Tanush Kumar
	ITR 4 IF HE EARN INCOME ONLY FROM PROFESSION AND BUSINESS , ITR 4S IF HE EARN MORE INCOME FROM OTHERS SOURIES AND SALARY GOOD LUCK

Ruta khunt

ca final student

21 Points Joined December 2014

ITR 4 if he earn income only from business and profession n ITR 4s only if he wants to for presumtive income GOOD LUCK

Mohit Sharma

Student CA Final

25 Points Joined July 2014

If u doesn't want to make books of accounts then u can avail benefit of section 44AD of income tax act, and fill the return on 4s otherwise ITR 4 is required

PRAVEEN KUMAR

CA CMA

153 Points Joined January 2011

Itr 4s for presumptive income I.e 44AD, 44AE. Itr 4 for income from PGBP other than presumptive income.

Arif Ali

Apt Co Advisory

1230 Points Joined June 2009

ITR4, if there are proper record of books and able to calculate the profit and loss.

If client is showing the profit at 8% of total turnover on presumtion basis. then ITR4S.

satyashi

Student C.A. final

212 Points Joined November 2013

ITR 4 only is applicable because ITR 4S is applicable only in case of presumptive taxation U/SEC 44AD

THANK YOU

bhupender

account executive

31 Points Joined December 2014

I am working in newly started company which starts its trade in october. its a marketing company which deals in cancer medicine.we have purchased medicines from himachal pradesh in october and sell out in further month..Company from which we purchased medicines didn't asked for T2 form. Without giving T2 form we sell out entire stock.And currently our turnover is less than 1 crore.Now what to do ,is any penalty levy on us