Mitul Mirani (Employed in CA Firm) (50 Points)
28 September 2012Hi friends,
please help me by giving answer of this question:
an individual assessee has filed ITR 4 in a.y.2011-12 and in sheet PART BS & PL it was shown that regular books of accounts were maintained
can he file ITR 4 in a.y.2012-13 with detail in PART BS & PL-no books of accounts are maintained?
can he file ITR 4S for a.y.2012-13?
@*CS Siddharth Bumb. *
(B.Com, CA Final, CS )
(5270 Points)
Replied 28 September 2012
Dear Mitul,
As assesse can file ITR 4S if he is covered u/s 44AD or u/s 44AE..
In such sections his turnover should exceed the limit prescribed u/s 44AB and he should show minimum 8% profit of turnover then only he can file ITR 4S...
Please read section 44AD and 44AE for better understanding...
Thank You
Regards,
Siddharth Bumb
sidbumbhelp @ gmail.com
CAclubindia
