Which return itr4 or itr4s suitable?
ninadra (Others) (91 Points)
03 August 2014ninadra (Others) (91 Points)
03 August 2014
MAHESH GARG
(AUDIT EXECUTIVE)
(334 Points)
Replied 03 August 2014
Probably u r not filling in the Gross receipts and Presumptive income amounts in the SEction 44AD column of Sheet "Non BP"..
Tribhuvan Aditya Singh
(Student as well as Self-employed)
(3710 Points)
Replied 03 August 2014
Anubhav
(Chartered Accountant)
(429 Points)
Replied 03 August 2014
Hi,
In case your turnover does not exceeds 1 crore, and income exceeds 8% of turnover- ITR 4S.
In case your turnover does not exceeds 1 crore, and income does notexceeds 8% of turnover - ITR 4. Due date to file any of above return will be 5th august 2014.
In case turnover exceeds 1crore, tax audit mandatory. Due date to file return will be 30th Sept,2014.
For any further query PM or mail me.
A J H & CO
anubhavjain @ ajhco.in
9868729930
Tushar Desai
(Manager - Finance & Accounts)
(834 Points)
Replied 04 August 2014
ITR 4s has an important Plus. Advance Tax is not applicable.
SUMIT
( )
(51 Points)
Replied 04 August 2014
dear anubhav
there is no such notification from income tax for the extention of due date..
if any so plz attach..
thanking you.
SUMIT
( )
(51 Points)
Replied 04 August 2014
dear ninad avasare
press OK to that notification on ITR 4S when you validiatate the return and this message just only remind about the presumptive basis return.
thanking you
Prabhaharan
(Article Student)
(67 Points)
Replied 05 August 2014
Hai friends,
I have one doubt in this ITR4S.. Suppose I want to file ITR and i having presumptive business income and also having Capital gain income . Which ITR i have to use??? ITR 4 or ITR 4S??
Suppose if i use ITR 4, there is no presumptive business coloumn to mention..And if i use ITR 4S, there will not be the Capital gain coloumn to discloure??
Which ITR i have to use??
Thanks in Advance
MAHESH GARG
(AUDIT EXECUTIVE)
(334 Points)
Replied 06 August 2014
Dear Ninad Avasare,
You can file ITR 4S if not liable to audit as per limit discussed by ANUBHAV.
However if u want to file ITR4 you can do so.
If u r havin any problm filing it u can send or upload ur ITR excel and then i can try to sort out the errors. u can pm me for that
MAHESH GARG
(AUDIT EXECUTIVE)
(334 Points)
Replied 06 August 2014
Dear Prabhaharan
Since in ur case u have both business income as well as Capital Gain you need to file ITR4.
And there is suitable column available in ITR 4 for filling in the presumptive income:
Under No.34 in Schedule BP u can fill in your presumptive income detail.
Tribhuvan Aditya Singh
(Student as well as Self-employed)
(3710 Points)
Replied 06 August 2014
Alok A Bhavsar
(CA Final Student)
(82 Points)
Replied 06 August 2014
Live class on PF & ESI Enrollment & Returns Filing(with recording)