Master TDS & TCS Provisions with Critical Issues. Register Now!

ITR FORM

MD MABOOB ALAM (firm) (92 Points)

16 June 2018

can i filled ITR 3 for "presumptive income u/s 44AD

Reply
Follow
Share

17 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (182282 Points)
Replied 16 June 2018

Yes

1 Like

Upgrade to CAclubindia Pro. Subscribe Now!

MD MABOOB ALAM (firm) (92 Points)
Replied 16 June 2018

is there any problem in future?

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (182282 Points)
Replied 16 June 2018

No, if your business is eligible for section 44AD.........

1 Like

CA CS NITIN MAHAJAN (CA ) (273 Points)
Replied 16 June 2018

For presumptive income, ITR-4 is applicable not ITR-3

Ashish Khillan (Gaining knowledge) (1039 Points)
Replied 16 June 2018

person eligible for 44 AD can he file ITR 4 or ITR3 (non account) any of them?

Upgrade to CAclubindia Pro. Subscribe Now!

CA CS NITIN MAHAJAN (CA ) (273 Points)
Replied 16 June 2018

https://cleartax.in/s/which-itr-to-file

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (182282 Points)
Replied 16 June 2018

Originally posted by : Ashish Khillan
	person eligible for 44 AD can he file ITR 4 or ITR3 (non account) any of them?

Yes.......... Geneally ITR 4 preferred because of its simplicity, but if any capital gains to be declared along with presumptive assessment of business or profession....... ITR3 is the only option left. ............

1 Like

RAJA P M ("Do the Right Thing...!!!") (128096 Points)
Replied 16 June 2018

The Query is as "can i filled ITR 3 for "presumptive income u/s 44AD"...

Ans : Yes...

Here no way for ITR 4 related topics...

Ashish Khillan (Gaining knowledge) (1039 Points)
Replied 16 June 2018

person whose TDS is deducted u/s 194 J, 194 H, 194 D then he have to file ITR 3( non account case) ?

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (182282 Points)
Replied 16 June 2018

Originally posted by : Ashish Khillan
	person whose TDS is deducted u/s 194 J, 194 H, 194 D then he have to file ITR 3( non account case) ?

Because of commission & brokerage receipts, he cannot declare his income under presumptive assessment (i.e. u/s. 44AD or u/s. 44ADA); so he has to declare his income with accounts i.e. file ITR 3 with P&L acc and BS.

2 Like

Upgrade to CAclubindia Pro. Subscribe Now!

RAJA P M ("Do the Right Thing...!!!") (128096 Points)
Replied 16 June 2018

Your gesture has not been conveyed as you have exceeded the limit of number of thanks allowed. 🙏🙏🙏🙏🙏