44AD : ITR for BUSINESS PERSON New file in 10 mins ITR 4 With tax planning 2019-2020( PY 2018-19)

#Howtofile #ITR4 in 10 mins for #business #person with best #tax planning when no books of accounts maintain or with books of accounts. #ITR 4 for #Business /professional person other then commission agent can file on or before due date #31st july 2019
If you are individual doing business or profession
Maintain Regular books :- ITR 3 Audit require when exceed Rs 1 cr. T/O
Do not maintain regular books :- ITR 3 OR ITR 4
Limits for PGBP:- Rs 25Lakh T/O, or 2.5 Lakh income under PGBP
Other case Rs.10Lakh T/O or , 1.2Lakh income under PGBP
If exceed such limit books require u/s 44AA but require when exceed Rs 1 Cr. u/s 44AB
IF OPT Presumptive then no need for books :- ITR 4
If Specify presumptive business = Rs 200Lakh T/O
If Specify Presumptive Profession income = Rs 50 Lakh Gross Receipts
If Goods transport vehicles upto 10 nos.
Note if exceed such limit or opt lower rate as specified: audit and books both require U/S 44 AB and 44AA

HOW TO #FILE INCOME TAX RETURN ( ITR 4 ) A.Y. 2019-20 FOR SMALL BUSINESSMAN | #ITR 4 AY 2019-20 ONLINE

44AD New file in 10 mins ITR 4 With tax planning 2019-2020( PY 2018-19)

Post Author: hatefull