Presumptive income
This query is : Resolved
14 July 2018
Xis a retired person and has following incomes for the financial year 2017-18
PENSION Rs. 20,000/- only
PROFESSIONAL INCOME FROM ACCOUNTANCY PROFESSION - Rs. 4 Lakh
LONG TERM CAPITAL GAIN - - Rs. 15 Lakh
As due to long term capital gain, X cannot file Form ITR 4 Sugam, for his Income of Rs. 4 lakh on presumptive basis, what he should do to show his income of Rs. 4 lakh on presumptive basis.
PENSION Rs. 20,000/- only
PROFESSIONAL INCOME FROM ACCOUNTANCY PROFESSION - Rs. 4 Lakh
LONG TERM CAPITAL GAIN - - Rs. 15 Lakh
As due to long term capital gain, X cannot file Form ITR 4 Sugam, for his Income of Rs. 4 lakh on presumptive basis, what he should do to show his income of Rs. 4 lakh on presumptive basis.
CA R SEETHARAMAN
(Expert)
14 July 2018
File ITR 3 presumptive income can be opted.
CA R SEETHARAMAN
(Expert)
14 July 2018
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