Can we file nil itr4?

Form ITR-4 can be filed by taxpayers who have opted for the presumptive taxation scheme. In case of proprietorship firm where ITR-3 or ITR-4 form had been filed previously, NIL return must be filed even if there is no business activity.

Can itr4 be filed online?

The pre-filling and filing of ITR-4 service is available to registered users on the e-Filing portal. This service enables individual taxpayers, HUFs, and firms (other than LLPs) to file ITR-4 online through e-Filing portal.

Can we file ITR-4 without CA?

It is nowhere mandatory to get your returns assisted with some legal professional or institution. You can file all your tax returns by yourself if you have the knowledge of all basic rules and procedures.

Is there any penalty for nil ITR?

For returns filed later than 31 December of the relevant assessment year, the penalty levied will be increased to Rs. 10,000. There is a relief given to small taxpayers – the IT department has stated that if the total income does not exceed Rs 5 lakh, the maximum penalty levied for delay will be Rs 1000.

Who can file itr5?

Who is eligible to file the ITR-5 Form. This form can be used a person being a firm, LLPs, AOP, BOI, artificial juridical person referred to in section 2(31)(vii),estate of deceased, estate of insolvent, business trust and investment fund, cooperative society and local authority.

Can you show capital gain in ITR 4?

Total income that includes salaries, income from house property, profits and gains from business or profession, total capital gains and total income from other sources.

How do I file a company nil return?

Step By Step Guide On How to File KRA Nil Returns

1. Step 1: Visit KRA Portal.
2. Step 2: Log Into KRA iTax iPage Dashboard.
3. Step 3: Click On File Nil Return Tab.
4. Step 4: Select The Nil e-Return Form.
5. Step 5: Fill The Income Tax – Resident Individual Nil e-Return Form.
6. Step 6: Download KRA Nil Returns Receipt.

How do I fill my itr5?

In the online filing, the assessee needs to print out two copies of the ITR V Form. One copy of ITR V, duly signed by the assessee, has to be sent to Post Bag No. 1, Electronic City Office, Bengaluru–560100 (Karnataka) via ordinary post. The other copy should be kept by the assessee with himself as a record.