Can I file ITR-3, IF I WANT TO SHOW MY BUSINESS INCOME UNDER 44AD , AND AGRICULTURE INCOME MORE THAN Rs. 5000.
Because in ITR - 4
agriculture income upto 5000 is allowed.
12 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 26 July 2021
No if you're filing under presumptive taxation then 44AD should be filed under ITR 4 for 5 years you cannot change before
sabyasachi mukherjee
(27603 Points)
Replied 26 July 2021
First is your source of income which is pertinent.
Then how much is taxable as per existing statute ?
If you hv not computed , compute it.
Then how much is taxable as per existing statute ?
If you hv not computed , compute it.
VISHAL JAIN
(Student CA Final )
(67 Points)
Replied 26 July 2021
But from previous 3 years I am filling presumptive tax income 44AD with agriculture income in ITR 3
VISHAL JAIN
(Student CA Final )
(67 Points)
Replied 26 July 2021
Business income and agriculture income
Ankit Neema
(2742 Points)
Replied 26 July 2021
You can show your income 44ad in itr 3 as you have agriculture income more than Rs. 5000, there is no issue.
For more consultation m s g me
For more consultation m s g me
Harsh Khemchandani
(126 Points)
Replied 26 July 2021
U can show Both in itr3.. It will not violate any of the rules
sabyasachi mukherjee
(27603 Points)
Replied 28 July 2021
Please send me details at sabyasachimukherjee7098 @ gmail.com
Nidhi
(Chief Accountant)
(3150 Points)
Replied 29 July 2021
Vishal ji
you are absolutely right.
you have to file ITR 3 and in that you can show business income u/s 44AD and your agriculture income. ITR 3 is the only right form in your case..
there is no violation of any law
you are absolutely right.
you have to file ITR 3 and in that you can show business income u/s 44AD and your agriculture income. ITR 3 is the only right form in your case..
there is no violation of any law
sabyasachi mukherjee
(27603 Points)
Replied 30 July 2021
No business income under Sec 44AD falls in different category.
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