22 December 2021
I as an individual have been filing presumptive tax for past few years ... This year i am in losses in my business .. This year i have savings and FD interest income and capital gain tax .. How can i show losses in presumptive tax .. i am filing ITR 3 due to capital gain tax .. KINDLY GUIDE .. THE TOTA
22 December 2021
If you have been filing ITR u/s. 44AD of the act, it is advisable to continue it for at least for five years; or you will have to get books of accounts audited.
22 December 2021
THANX FOR THE RESPONSE .. BUT HOW DO I SHOW THE LOSSES ... AND DO I HAVE TO FILE ITR 4 OR I CAN FILE ITR 3 AS I HAVE SHORT TERM CAPITAL GAIN TAX ..
22 December 2021
Get your books of account audited, if conditions as per sec. 44AD(4) are satisfied. File ITR 3 as usual with audited data, loss will be calculated by utility.
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