TaxTMI 
TaxTMI 
Dear Sir,
Property developer whose turnover his less than ₹ 20 lakhs can opt for ITR 4?
Property Developers and Real Estate Income
06 Jul 2021 
0 Replies 
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Presumptive taxation eligibility: property developer with turnover below threshold may be eligible to file ITR-4.
Whether a property developer whose turnover is below the prescribed threshold may opt to file an ITR-4 return is the operative question, focusing on eligibility to use the presumptive taxation return form for real estate development when annual receipts do not exceed the turnover limit. (AI Summary)
Whether a property developer whose turnover is below the prescribed threshold may opt to file an ITR-4 return is the operative question, focusing on eligibility to use the presumptive taxation return form for real estate development when annual receipts do not exceed the turnover limit. (AI Summary)