Individual having 3 source of Income.
Income from House Property
Business Income &
Income from Other Source.
Can he take benefit of Sec. 44 AD?
Business income include Profit from Proprietary Business & Interest on capital from partnership firm.
Sale of Proprietary Business is 9 Lakh.
If yes, which ITR is applicable?
ITR 3 or ITR 4?
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Benefit of Sec. 44AD
Replies (1)
Yes. Section 44AD can be opted for any eligible business.
But not for interest income received from firm.
File ITR3.
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