Ms.Usha Kapoor (CEO) 01 September 2016
Since your incxome is only Rs.2 lakhs which is below or equivalent to minimum exemption limit of Rs.2 lakhs under IT Act you'll neither incur tax liability nor file ITR or return of Inome tax at all. You are obliged not to fie any return declaring this meagre income of Rs.2 Lakhs.
M.R.K.PRASAD-Advocate (SELF) 05 September 2016
I agree with Usha kapoor.. but I have to clarify that why you selected ITR4. You can select ITR 4S if it is your profession or ITR2 for othrer source..