Hello Everyone
For an individual proprietor I assume we need to use ITR4 for filing.
If so there are not provisions for 80C and 80D in ITR4 ?
Please help.
6 Replies
CS RAJESH C.CHOUDHARY
(ASSISTANT MANAGER)
(14607 Points)
Replied 01 September 2015
Sheet VI A- in ITR- 4 you will get 80 Deductions
Rahul Verma
(CA-Final)
(484 Points)
Replied 01 September 2015
Hey
there is an option which mention in Schedule VI-A Deductions under Chapter VI-A.
Rahul
Narendra mahadev hegde
(ARTICLESHIP STUDENT)
(246 Points)
Replied 01 September 2015
u need to file ITR 4 if you are having business or profession, then Schedule VI-A Deductions also available.
CA ROHIT JAIN
(Practicing CA)
(83 Points)
Replied 13 November 2015
It is not necessary to file ITR 4. You also have the option to declare income on presumptive basis and go for form 4S, i.e., SUGAM. There are several benefits of choosing the later option such as non requirement of maintainance of books of accounts, cash payments in excess of 20,000 allowed etc.
Narendra mahadev hegde
(ARTICLESHIP STUDENT)
(246 Points)
Replied 16 November 2015
CA Rohit Jain ,i agree with this statement
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