Take This Quiz & Predict Your Score in the coming CA CS or CMA Exam!
  • How important it is for you to pass the exam in this attempt?
  • What percentage of course you have finished well so far roughly?
  • How many hours you study in a day?
  • How many times you have revised the topics you have finished
  • Have you taken online or pen drive or live class from a renowned faculty?
  • What percentage of the classes you have watched?
  • Have you attempted mock tests or practice tests yet?
  • Are you planning to attempt mock tests conducted by external bodies- ICAI, ICSI, ICMAI or other institute?
  • How many tests you have taken?
  • Did you manage to finish the test papers on time?
  • Are you strictly following study material provided by the exam conducting authority such as ICAI/ICSI/ICMAI/Other Body?
  • How is your health in general?
  • How is your food habit?
  • Any interest in yoga or exercise or play sports regularly?
  • Planning to sleep well nights before the exams?
  • Planning to have light food and water before exams?

Difference between ITR -4 and ITR-4S

Difference between ITR -4 and ITR-4S

Difference between ITR -4 and ITR-4S

Several professional & business owners are unsure about whether they should file ITR 4 or ITR-4S. Read on to find out which one applies to you.

Generally speaking ITR-4 can be filled by anyone who is running a business or undertaking a profession. There is no minimum income you should be earning to file this return. Say if you are a shopkeeper, construction contractor, a doctor, a tutor, a retailer, a wholesaler, an insurance agent, interior decorator or fashion designer, you can file ITR-4. Absolutely all businesses are eligible to file ITR -4.

ITR-4 is a detailed form ITR which broadly requires the following details of ‘Income from Business’ head –

    • Part A Part A-GEN: General information and Nature of Business
    • Part A-BS: Balance Sheet as of March 31, 2015 of the Business or Profession
    • Part A-P&L: Profit and Loss details for the Financial Year 2014-15
    • Part A-OI: Other Information (optional in cases where audit is not mandatory)
    • Part A-QD: Quantitative Details (optional in cases where audit is not mandatory)
    • Part B: Outline of the total income and tax computation


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