Dear all
I want to know that if income are to be from small business as well as sip/ mutual fund so which itr should be opt
9 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(183282 Points)
Replied 19 August 2022
For small businessman with any income from investment in shares/MF, ITR 4 is easier to be filed.
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 20 August 2022
ITR-4 can also be used if there is no capital gain from mutual fund
Sai Allu
(754 Points)
Replied 21 August 2022
ITR-4 Form is the Income Tax Return form for the taxpayers who opt for a presumptive income scheme under Section 44AD, Section 44ADA and Section 44AE of the Income Tax Act. However, if the turnover of the business mentioned above exceeds Rs 2 crores, the taxpayer will have to file ITR-3
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 21 August 2022
Sai Allu, how suddenly you got that much knowledge
sabyasachi mukherjee
(27658 Points)
Replied 22 August 2022
Itr 4 the assesse has not described in detail. Let him speak out.
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 22 August 2022
@ ck Singh,
Are you talking about SIP MF investment or income income from MF ?
Are you talking about SIP MF investment or income income from MF ?
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 22 August 2022
Clearly mentioned income are from business as well as mutual fund.
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