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Relevant ITR form to file IT return

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(Querist)
25 July 2023 Sir,

One of my friend is a Pensioner and is also running a proprietory business for
the past three years. For the past 2 years, he has filed ITR 4.
This year, ( FY - 22 23 ) he has sold a property and has incurred long term Capital gain.

Now, can he file his IT return in Form ITR 3 for this FY ?

If yes, can he revert back to ITR 4 in the subsequent years ?

Pls. advice.
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Dhirajlal Rambhia online

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Dhirajlal Rambhia online (Expert)
25 July 2023 1. Yes.
2. Yes.
3. He can file his business income u/s.44AD, as usual, in ITR 3. So, no question of discontinuation....
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Gopalakrishnan. S

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Gopalakrishnan. S (Querist)
25 July 2023 Thank you very much Sir.
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Dhirajlal Rambhia online

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Dhirajlal Rambhia online (Expert)
25 July 2023 You are welcome.
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