Which ITR to file if an assessee has non-specified presumptive professional income as well as exempt income exceeding Rs.5000/-, as in ITR 4S column No.29 it is mentioned to file ITR 2 if exempt income exceeds Rs.5000/- but ITR -2 cannot be used for presumptive incomes u/s-44AD??
2 Replies
Tribhuvan Aditya Singh
(Student as well as Self-employed)
(3710 Points)
Replied 08 August 2014
you need to file itr 4 in this case.
Stranger
(.)
(5526 Points)
Replied 08 August 2014
But profit exceeds rs.1.20 lakhs due to which books of accounts required to be maintained then..
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