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Sanjiv Mitragotri

Tax returns filing for freelance / independent consultant

I want to understand with form should I be using to file my IT returns. I am a freelancer/ independent consultant having income from multiple sources. I thought ITR4S was the one, as ITR4 excel version is not available to download. When I filled it completely it says that there has to be some presumptive income to be able to use that form. Can some body guide me further? more  

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SHARAD RAJORIA (CA)
ITR-4, YOU ARE DOING WORK LIKE A PROFESSIONAL more  
Lalpet Sridhar
You have to use ITR 4 only as your income does not fall under basis. Depending upon the gross receipts you have to draw up balance sheet and profit and loss account and arrive at net profit. more  
Bandana Mushunuri (Patner FACTS an Accounting Firm established in 2009)
ITR 4 more  
Subhasis Banerjee
ITR 4S will not be applicable to you since your income most likely will not be considered as presumptive income u/s 44AD or 44AE of the Income Tax Act. So you have to file in ITR 4 which is very much available. more  
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