44AD return

If u hv only 44ad income then itr4
and if u hv 44ad and c.gains u can go for itr3....

Can't we choose itr3 instead of itr4 in absence of capital gains?

If u hv only 44ad income and agri income being less than 5000(if any) and other sourcces income(if any) and house property in come (if any).....then u can go by itr4...

Normally ITR 4 is used by Individuals, HUFs and Firms (other than LLP) to disclose income under sections 44AD, 44ADA or 44AE presumptive Taxation.

but ITR 4 can Not be used by an Individual who is either Director in a company or has invested in Unlisted Equity Shares.

So, above mentioned person (director and having investment in unlisted shares) having a propritership firm, who want to disclose his business income under 44AD ect. than that person is required to file form ITR 3.

You can file ITR 3 instead of ITR 4 if you are showing income on presumptive basis i.e. minimum 8% and maintaining books of accounts. If not maintaining books of accounts then file ITR 4.