Itr 3 ot itr 4 (sugam)
This query is : Resolved
Abhishek Roy Choudhury
(Querist)
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.
Thanks,
Abhishek.
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.
Thanks,
Abhishek.
Ashiwini Ballodia
(Expert)
25 April 2017
ITR 3 can be filled by parter in partnership firm and not for PGBP, So kindly file ITR4
Abhishek Roy Choudhury
(Querist)
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.
Thanks,
Abhishek.
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.
Thanks,
Abhishek.
Message likes :
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Ashiwini Ballodia
(Expert)
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.
or profession.
Hence, ITR-3 for A.Y. 2017-18 would substitute ITR-4 for A.Y. 2016-17.
Dhirajlal Rambhia
(Expert)
23 October 2021
Yes, he is correct. He can file ITR 3 with financial statements..
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