which return should be file
This query is : Resolved
Chandan sharma
(Querist)
30 August 2017
A person having presumtive income u/s 44AE and short term capital gain on shares then he can file Itr 4 ??
CA R SEETHARAMAN
(Expert)
30 August 2017
No he has to file ITR 3.
Chandan sharma
(Querist)
31 August 2017
Ok, if he file itr 3 then income from business is calculated as per 44AE rule or as per given format in the itr 3 gross receipts, gross profits, expenses
CA R SEETHARAMAN
(Expert)
31 August 2017
Calculate as per rule 44AE due to capital gains ITR 4 is not applicable.
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