ITR form applicable to individual

presumptive taxation under 44AD can be reported in ITR-3 or ITR-4 depending on other factors such as other incomes, disclosures etc.

for claiming 44AD< you cannot be maintaing books of accounts and therefore return should be filed as "accounts not maintained" case.

Yes... I agreed to Mr Nikhil Kaushik Sir..


(Which ITR form would be applicable for an individual business person who is declaring income under section 44 AD (presumptive income) ..? )

First of we ll check out our income can be declare u/s 44ad. If it's available then we can declare the income in ITR 4 or ITR 3*.


(is such an assesse required to fill in p&l account and balance sheet..? and can a person opt to declare under presumptive income when he has not income under sec 44 AD In previous AY...?)

U/s 44ad we file without books of accounts. So, No need or No way for fill the details of PandL..