banner_ad

it return presumptive business income under section 44ad

This query is : Resolved 
Profile Image

Profile Image

(Querist)
11 May 2019 Sir,
If I have to file tax return of my business income under presumptive income scheme u/s 44AD ( as i satisfy all conditions and criteria of that section ) but I have Capital Loss of AY 2018-19,( FY 2017-18 ),Can I still adopt taxation under section 44AD. If Yes then which Return form shall be applicable for AY 2019-20 .? Can I file form 4 by ignoring capital loss incurred during FY 2017-18 as I am not interested to carry forward capital loss. OR I need to file return in ITRForm3 but file it as per provisions of presumptive income.
Is it compulsory that for presumptive income only ITR form 4 is to be filled or even ITR Form 3 can also be sued for such situation.
Pls take query early
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
12 May 2019 For presumptive income ITR 3 can be filed in case of capital gain/loss.
Profile Image

rmalhotra

Profile Image

rmalhotra (Querist)
12 May 2019 Sir thank you so much for quick and precise resolving of this query .
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details