Itr 4s


#1

I have a business. Can I use ITR 4s?


#2

Hi,

ITR-4S is applicable where gross receipts/turnover is less than Rs. 1crore; assesses who are carrying out business or profession under presumptive income as per section 44AD & 44AE of the Income Tax Act but have turnover/gross receipts of more than Rs. 1 crore; will have to file ITR-4.

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