Which Itr to file 3 or 4


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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.


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