Which ITR form Suitable If our Income
1) Income from Business U/S 44AD
2) Income from Profession U/S 44ADA
3) Income from other sources
4) Profit on sale of agricultural land situated in fully rural area.
9 Replies
Tanuj Chandra Saxenaa
(Company Secretary)
(7075 Points)
Replied 30 December 2021
(Business and professional Income, ifos, exempt income ) to be report in ITR-4
CA Aakarsh Jain
(CA)
(10431 Points)
Replied 30 December 2021
Please don't repeat the same answers if you think you agree with the answer then like it and move to next query. please maintain the decorum of ca club India and don't answer only to increase points
Tanuj Chandra Saxenaa
(Company Secretary)
(7075 Points)
Replied 30 December 2021
Aakarsh it's a platform for all understand I'm replying what the question is as it's a platform for all if you have any query kindly inbox
Ajit Choudhary
(32 Points)
Replied 30 December 2021
Where show profit on sale on agricultural land fully situated in rural area, in ITR4
sabyasachi mukherjee
(27682 Points)
Replied 30 December 2021
How can everyone say it's itr 4.
It's not accepted.
Quantum of income is not mentioned.
It's not accepted.
Quantum of income is not mentioned.
Tanuj Chandra Saxenaa
(Company Secretary)
(7075 Points)
Replied 30 December 2021
Profit on Sale of Agricultural Land in Rural Area is a Exempted Income as it not taxed as a capital asset profit
sabyasachi mukherjee
(27682 Points)
Replied 30 December 2021
It's an exempted income.
I think you know the difference between exempted income and taxable income
I think you know the difference between exempted income and taxable income
Neha sharma
(-)
(1257 Points)
Replied 05 January 2022
If the Agricultural Income is less than Rs. 5000 - then this can be reported in ITR 4.
However, if the exempt income is more than Rs. 5000 - then ITR 3 is to be used.
Recent Topics
- TDS ON LAND AND CONSTRUCTION
- Tax Audit for professional
- FD interest , TDS and ITR calculation
- ITC Refund for Export of services
- Gst eligibility for dentist, and beauty saloon
- What is the GST return due date F.Y 2017_18 and 20
- GGT registration -Rejection
- TDS ON PURCHASE OF PROPERTY HAVING MORE THAN 1 BUY
- Guidance Requirement
- Purchase detail not reflected in GSTR2A download f
Related Threads
CAclubindia
