Which ITR form to be used
sampath (student) (119 Points)
07 September 2019
I am self emplyed with Gross income of 3.5 lacs which form ITR-3 and ITR-4 SUGUM?
7 Replies
Kapadia Pravin
(17264 Points)
Replied 07 September 2019
please specify - it is business income or professional income
You can file ITR 4 either under 44AD or under 44ADA -- subject to conditions
if you are holding unlisted shares or you are a director in any company then ITR 3 is compulsory.
You can file ITR 4 either under 44AD or under 44ADA -- subject to conditions
if you are holding unlisted shares or you are a director in any company then ITR 3 is compulsory.
Kapadia Pravin
(17264 Points)
Replied 08 September 2019
@ sabyasachi
Pl re-read the query and my reply
The querist is self employed. And accordingly replied.
Further he is referring and asking for ITR3 or ITR 4 Sugam.
Pl re-read the query and my reply
The querist is self employed. And accordingly replied.
Further he is referring and asking for ITR3 or ITR 4 Sugam.
sabyasachi mukherjee
(27682 Points)
Replied 08 September 2019
@ pravin
According to my opinion .
Its better to go for ITR 3.
I hv mentioned earlir that ITR 4 poses may pose many complications in future.
According to my opinion .
Its better to go for ITR 3.
I hv mentioned earlir that ITR 4 poses may pose many complications in future.
Kapadia Pravin
(17264 Points)
Replied 08 September 2019
@ sabyasachi
please mark your views to querist.
please mark your views to querist.
Siva kumar
(30 Points)
Replied 21 March 2020
Sir, I am a self employed with income of 2 lakh & having significant amount of bank transactions. Which ITR to be used?
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