itr filling option
aman goyal (125 Points)
18 August 2019i have a proprietor firm, Last year turnover 40 lac. i m confused in filling my itr some people say me to fill itr3 some itr4.
pls confirm me about itr filling
aman goyal (125 Points)
18 August 2019
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(172415 Points)
Replied 18 August 2019
If your business is eligible for presumptive assessment u/s. 44AD, and you wish to declare minimum 6/8% of profit margin over turnover, you can file ITR4; otherwise go for ITR3. (i.e as per IT act)
Under GST you have to file required returns without any turnover criteria; once you are registered.
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)