25 April 2017
Dear Sir, An Assessee who is in Profession and showing net income Rs. 35.00 Lacs and net profit after deducting all expenses is 60%. So he has the option to file ITR 4 (Sugam) but if he wants to file ITR 3 can he file that Return for A.Y. 2017-18 because he maintains books of accounts.
27 April 2017
Dear Sir, That pertains to A.Y. 2016-17 but from A.Y. 2017-18 ITR 3 can be filed by individuals and HUFs having income from proprietory business or profession. Please confirm it.
04 May 2017
For individuals and HUFs having income from a proprietary business or profession. Hence, ITR-3 for A.Y. 2017-18 would substitute ITR-4 for A.Y. 2016-17.