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Souvik Kumar Ghosh (Querist)
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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'.

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CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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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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