ITR 4 is for Businessman and Professionals who do not maintain regular books of accounts, for example small wholesalers, Retailers, traders, manufacturers etc. in case of business and Doctor, Lawyer, freelancers, CA, CS, musicians, film artists, nurse, Accountant, and other professionals etc.
They can opt for the presumptive scheme under section 44AD and 44ADA and show a fixed amount of profit over Business turnover or receipts. Also there are transporters who are in business of plying, hiring and leasing of vehicle and have vehicles upto 10 they can also opt for presumptive scheme under section 44AE.
So by watching this video any small businessman and professional can file his or her income tax return by themselves online for free.
You can contact team of Tax Experts at 9150010300 or visit www.legalsahayk.com
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