Switching from itr-4 to itr-3 and vice versa

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Neha JAIN

Neha JAIN (Querist)
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14 May 2019 WHAT ARE THE CONSEQUENCE OF SWITCHING FROM ITR-3 TO ITR-4 AND VICE VERSA

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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15 May 2019 You cannot switch from ITR-3 to ITR-4 until and unless you declared sales u/s 44AD. However you can switch from ITR-4 to ITR-3 but you have to give much more details than ITR-4.

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Neha JAIN

Neha JAIN (Querist)
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15 May 2019 So there is no audit or other compliance requirement
like can i opt for itr-4 or itr-3 as and when i wish.
or there are restrictions??

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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15 May 2019 No restriction except in case of capital gain income & commission income , then you have to file ITR-3 only.

Also if you have Income from two residential house then also you need to choose ITR-3.

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