Utilization of Income Tax Form


This query is : Resolved 

Quick Summary
This discussion addresses which Income Tax Return (ITR) form to use when you have multiple income streams. The advice given is that ITR-3 is the most suitable form for this situation. This is because it accommodates income from both professional activities and capital gains, which are present in the user's case.

(Querist)
08 July 2021 Sir
My income for the year 2020-21

Income under section 194j(44ADA) Rs. 40000/-
Pension EPS 95 Rs. 30000/-
Part time income for File the GSTR Return of some party Rs. 60000/-
Income from Interest on FDR Rs. 500000/-
Income for Sale of Shares Rs. 15000/-(Short Term Rs. 25000- Long Term Rs. 10000)
please advise which form utilize for income Tax Return. whether amount of Rs. 60000/- claim in under section 44 ADA if not please advise how to show in Income Tax Return
Thanks
Dharam Pal
9810600330

Deepa B (Expert)
08 July 2021 ITR-3 is the appropriate form as you have income from both profession and capital gain.

11 July 2021 You need to file ITR-3 as you have income from capital gain


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