Which Itr to file 3 or 4

This query is : Resolved 

Quick Summary
This discussion addresses which Income Tax Return (ITR) form to file for income generated from developing, subdividing, and selling real estate plots. The key question is whether this activity constitutes capital gains or falls under normal trading as per Section 44AD, particularly if the turnover is less than ₹2 crore. The consensus leans towards it being classified as real estate business income.

09 October 2020 Sir my query is Income Received from Developing and sub-dividing real estate into lots & Selling of Plot. which itr to file 3 or 4. then it come capital gain or normal trading u/s 44AD

09 October 2020 File ITR 4 if turnover less than 2 crore it will fall under normal trading u/s 44AD


09 October 2020 sir i am purchased in my name and sale to customer then it comes under capital gain or not?

10 October 2020 It will fall under real estate business.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
09 September 2026
SENIOR AUDITOR & ACCOUNTS MANAGER

Anupam Parashar & Co.

Ghaziabad

CA Final

View Details
Company
08 September 2026
Audit Executive

Thammana & Associates

Srikakulam

B.Com

View Details
Company
09 September 2026
Semi Qualified CA / CA Inter - 2 Groups Cleared

Getmyca Consultant Pvt Ltd

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 04 September 2026
Accounts Executive

Hema Yashwanth & Associates

Chennai

B.Com

View Details
Company
Featured 12 September 2026
Assistant Manager - Finance & Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
ARTICLESHIP 30 September 2026
CA Article Assistant

CA Suraj Garg & Associates

New Delhi

CA Final

View Details
Company
ARTICLESHIP 16 September 2026
CA Article Trainee

SR BAGAI & Co.

New Delhi

CA Inter

View Details
Company
04 September 2026
CA inter Or ca finalist

A Jaiswal and company

Lucknow

CA Final

View Details