Which itr- if s.44ada(presumptive bus.) and capital gains

Tanmay (Student) (107 Points)

20 July 2017

Dear Sirs,

Kindly let me know as to which ITR to file for a person who is adopting

1) Section 44ADA (presumptive income) and also has

2)Long Term Capital Gains

( ITR 4S does not have a column for Long Term Capital Gain)

Please Help

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10 Replies

Kokkiligadda ramanjaneyulu (Student CA IPC / IPCC) (22 Points)
Replied 20 July 2017

itr 4s

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (177967 Points)
Replied 20 July 2017

ITR 3 for AY 2017-18

1 Like

Tanmay (Student) (107 Points)
Replied 21 July 2017

Originally posted by : Kokkiligadda ramanjaneyulu
	itr 4s

However ITR 4s does Not have a column for Long Term Capital Gain

Tanmay (Student) (107 Points)
Replied 21 July 2017

Originally posted by : Dhirajlal Rambhia
	ITR 3 for AY 2017-18

Dear Dhirajlal Sir,

In which Sheet shall i show the Gross Receipts in ITR 3?

(Since i am Not maintaining Books of Account shall i show it

under the Rows "NO ACCOUNT CASE" in the "Profit& Loss " Sheet ?

Kindly note that I have adopted Section 44ADA)

CA Naveen Chand (Chartered Accountant) (12729 Points)
Replied 21 July 2017

THANKS !!

1 Like

Tanmay (Student) (107 Points)
Replied 21 July 2017


	Dear Dhirajlal Sir, In which Sheet shall i show the Gross Receipts in ITR 3? (Since i am Not maintaining Books of Account shall i show it under the Rows "NO ACCOUNT CASE" in the "Profit& Loss " Sheet ? Kindly note that I have adopted Section 44ADA)

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (177967 Points)
Replied 21 July 2017

"under the Rows "NO ACCOUNT CASE" in the "Profit& Loss " Sheet ?"

Yes, Dear.......

Under 53.(ii) For assessee carrying on Profession

Same under BS.... few details like cash at hand sundry creditor etc...

Also check the 'NO' in 'Part A-General' Tab

(a)	Are you liable to maintain accounts as per section 44AA?	No
(b)	Are you liable for audit under section 44AB?	No
(c)	If (b) is Yes, whether the accounts have been audited by an accountant?	Select