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44AD & short term capital gain
my client is not maintain books of account for business income & other is received short term capital gain on shares which ITR select to sumbit income tax return
Replies (6)
ITR 3 is required to file. Or file ITR4 if you opted presumptive taxation scheme under section 44AD in p/y 2016-17.
if i opt 44AD then how can show short term cap gain on sale of shares
You are required to file ITR 3 as form ITR4 have no schedule for capital gain.
sir plz tell about taxability for short term capital gain & long term capital gain & dividend on sale of shares
STCG- Taxable @ 15% u/s 111A
LTCG- Exempt upto Rs. 100000/- U/s 10(38)
Dividend: Exempt upto Rs. 1000000/- u/s 10(34)
LTCG- Exempt upto Rs. 100000/- U/s 10(38)
Dividend: Exempt upto Rs. 1000000/- u/s 10(34)
Fill ITR-3 with capital gain details and enter Business details as required in presumptive income and tick on books not maintain cases
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