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Presumptive tax u/s 44AD and 44ADA

Dipesh Jha (PRACTICE ) (673 Points)

28 August 2021

I have professional income(Doctor)
and i have also done future and options
and intraday
in case of f&0 i have loss
and in case of intraday i have profit

whther i can opt for presumption tax for professional income and noraml provision for f&o so that loss can be carried forward??

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2 Replies

CA. Sourav Sarkar (Chartered Accountant ) (24583 Points)
Replied 29 August 2021

Yes you can

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Chirag (Professional) (1979 Points)
Replied 29 August 2021

You Have to go with normal provison and file ITR -3 for claiming c/f of losses, ITR 4S is not possible in it, but if you are doing it with other structure like HUF having Separate PAN then it seems possible...you can go for 44ADA ,for profession and Normal (C/F ) under HUF or you can also opt 44AD under F&O (For turnover up-to INR 200 Lacs)!