Is there any issue if a govt employee files ITR -3 as it is considered that normally itr3 is filed if we have some business income.
Itr3 filing
(Guest)
9 Replies
Kapadia Pravin
(17259 Points)
Replied 19 August 2019
You file ITR1 if salary below 50 lakhs.
ITR3 is for business income
ITR3 is for business income
Amit Agarwal
(Sr. Manager - Accounts)
(51 Points)
Replied 19 August 2019
There is the only one option ITR-3 as you have business income.
Amit Agarwal
(Sr. Manager - Accounts)
(51 Points)
Replied 19 August 2019
As per my knowledge, there is no specific ITR form for Govt. employees. so you should file ITR-3 as you have business income.
Kapadia Pravin
(17259 Points)
Replied 19 August 2019
You should check policy of Govt employer as to whether it's rules allow such speculative business activity or not.
Kapadia Pravin
(17259 Points)
Replied 20 August 2019
Both demat and share market accounts are linked. so same person has to do activity
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