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Question ID : 35836

ITR 4

The assessee is under audit u/s 44AB(e) . ( declaring the income @ lower than 8% but T/O is less than 2 Crores ) My query : Which ITR Form is applicable in this case. Can He file ITR4 - as per my understanding still asssessee is filing return u/s 44AD then he can file ITR4

Posted by CA. HEMANG KISHORBHAI AMBANI on Oct 08, 2018

Filed Under DIRECT TAXES

Answer ID : 74969

ITR-4 is applicable when presumptive taxation is opted. If profit less than 8% is declared and assessee under audit, ITR-3 is applicable.

Posted by CA. chunauti dholakia on Oct 09, 2018