Which itr

vikram (articled student) (99 Points)

13 July 2015

For jewell apprisal which ITR is applicable as the assessee received only 213000/- as apprisal fee and deducted 21300/- as TDS

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5 Replies

Gowtham (Student) (1174 Points)
Replied 13 July 2015

If u have business income, regardless of the business, ITR 4 should be used

vikram (articled student) (99 Points)
Replied 13 July 2015

Shall we use ITR 4S instead ?

Gowtham (Student) (1174 Points)
Replied 13 July 2015

ITR 4S is used in those cases of business who choose to disclose income under Sec 44AD

U can do, if u wish

vikram (articled student) (99 Points)
Replied 14 July 2015

Thanks for reply sir,

My question is weather jewellery apprisal prefession is eligible as special business spesified under sec 44AD.

Gowtham (Student) (1174 Points)
Replied 14 July 2015

Yes. U can disclose ur income under 44AD

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