Hello,
I am expecting my professional income to cross 50 lakhs this year, previously I was filing ITR4 return under section 44ada.
I know that ITR 4 is (was?) for people whose income fall under 50lakh. With the increase of 44ada limit from 50lakh to 75 lakh, I am not sure if the income threshold is also increased for ITR4 in AY 24-25.
Cloud someone please clear my doubt. Can I file under ITR4? if not which ITR is for me.
Thank You
CAclubindia
