Itr 4s

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Consultant
151 Points Joined February 2017
My friend runs stationary shop and his turnover from this business are Rs 6,50,000. His income is 2,60,000.(40% of gross receipts.) Can he file itr 4s ?
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On 02 May 2017 at 11:39 Report
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SEO Sai Gr. Hosp.
210685 Points Joined July 2016

Yes, the said income can be assessed u/s. 44AD

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On 02 May 2017 at 11:48
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yes he can 

but 4 itr is always better 

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On 02 May 2017 at 11:50
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1138 Points Joined March 2017
yes he can file under 44AD. Itr4s from prev year is changed to itr4(Sugam) now
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On 02 May 2017 at 12:13
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Chartered Accountant
86505 Points Joined April 2011
Ya if ur friend can file ITR 4(sugam).
However if he mainatined books of accounts Itr-4 is better option.
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On 04 May 2017 at 16:08


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