Pts
This query is : Resolved
28 January 2013
An individual has opted for Presumptive Taxation Scheme under both Sec-44AD & 44AE. He has also sold one depreciable asset which has resulted in STCG as the block has ceassed to exist. Is he liable to pay STCG in the AY?
If so, then in which ITR cause ITR-4S does not have any column to provide for 'Capital Gains'.
Regards
If so, then in which ITR cause ITR-4S does not have any column to provide for 'Capital Gains'.
Regards
29 January 2013
In such a case you have to file return in ITR-4. 4S- is not applicable for Capital Gains Income.
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You can also show Business Income on Presumptive basis by providing the brief details in the required manner.
.
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You can also show Business Income on Presumptive basis by providing the brief details in the required manner.
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