There is no space provided for filling the capital gain amount in the ITR 4S form.
In which ITR Form should a trader file his Return, in case he has both presumptive income from proprietorship business u/s 44AD and also Capital Gains on shares?
anupam maheshwari (Industrial Trainee) (39 Points)
16 July 2011There is no space provided for filling the capital gain amount in the ITR 4S form.
In which ITR Form should a trader file his Return, in case he has both presumptive income from proprietorship business u/s 44AD and also Capital Gains on shares?
Dheeraj
(Learner)
(1100 Points)
Replied 16 July 2011
only exempt income in capital gain is allowed for ITR4S
but if u have taxable income than you have to file ITR4 instead of ITR4S