There are two sorts of return which are to be recorded by an expert, either ITR 4 in the event that he decides for the support and review of records else ITR 4S on the off chance that he doesn't pick something similar. Therefore, you must file an ITR-4 if you are auditing your books of accounts or if you are filing an ITR-4S using a presumptive source of income.

The last date for recording the business and calling pay return is ordinarily 31st July of the Evaluation Year however on the off chance that you are expected to get your records examined, the last date for documenting of return of pay is 30th September of Appraisal Year.

If your gross receipts exceed Rs, you are required to keep the books of accounts if you are engaged in a specific profession (described in Q4). 1,50,000 in each of the three years immediately preceding the current year, or if you're starting a new business, gross receipts are likely to exceed Rs.1,50,000.

The legal, medical, engineering, architectural, accountancy, technical, interior decoration, film artists, company secretary, information technology, and authorized representative professions are all examples of specified professions.

You can settle on a possible type of revenue on the off chance that your turnover or gross receipts is inside the predetermined limits(given in Q6), or on the other hand assuming that you are taken part in a business of employing, recruiting, or renting of merchandise/carriages, then you can select a hypothetical kind of revenue.

If your gross receipts or turnover exceed Rs, you must have your accounts audited. 2 Cr.(in instance of Business) and Rs. fifty lakhs (depending on the profession).

If you are eligible, but do not choose a presumptive source of income, you must keep books of accounts and have them audited.