Itr3 at 2019-20, column no 61 & 65

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AJAY (Querist)
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20 June 2019 (for AY 2019-20)
I declare my regular business income (ready made garments) u/s 44Ad, which will be disclosed in itr 3 column no 61 (presumptive) in schedule P/L. But I also have speculative income (itraday sale of Shares). Can I also use column no 65 to disclose speculative income. Is it permitted by the law for presumptive tax payers that one can use column no 61 for normal business as well as column no 65 for speculative income in the same itr 3 in a particular assessment year.
Total turnover is 35 lakh and total income from all sources is 3,65000/-. Will there generate any need for audit as concerning the circumstances?
Thank you.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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20 June 2019 Disclose speculative income in column 61 and opt for 44AD.
No tax audit applicable as you are declaring profit as per 44AD.

AJAY

AJAY (Querist)
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20 June 2019 Respected sir,
Thanks for your response .
But I will have to show regular and speculative business income separately, because if I club both kind of incomes than my turnover details as per itr will not match with the details provided by me on the GST portal.
Please guide me Sir.
Regards.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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21 June 2019 Reconciliation can be provided in such cases.

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Itr3 at 2019-20, column no 61 & 65

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