Business Income Under 44 AD of Individual and Short Term Capital Gain.
This query is : Resolved
Prem Moolwani
(Querist)
22 August 2023
I have filed My ITR-4 under 44AD Presumptive Income since many years. I have self employed Individual. My turnover of Business is around only Rupess Six Lakh per annum approx. I have started trading in Stock Market from (FY 2022-23) Sep. 2022 to till date. I have also SHORT TERM CAPITAL GAIN of Rs. 94000/- (Approx) from sale & purchase of Listed Equity Shares in AY 2023-24 (FY 2022-23). Can I still filed ITR-4, If Yes, where I have to Show Short Term Capital Gain. Can I show above short term capital Gain in ITR-4 in Income from Other Sources / or Any other Income Head, plz suggest.
Or
Any other FORM of Income Tax, such As ITR-3, I have to filed? Is it necessary to file ITR-3 for Me or ANY OTHER ITR FORM, WHICH IS SUITABLE FOR ME. Please Give Your Expert Opinion
Or
Any other FORM of Income Tax, such As ITR-3, I have to filed? Is it necessary to file ITR-3 for Me or ANY OTHER ITR FORM, WHICH IS SUITABLE FOR ME. Please Give Your Expert Opinion
CA R SEETHARAMAN
(Expert)
22 August 2023
You have to file ITR 3 only in view of capital gains.
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