Basic difference of presumptive business under 44ad in itr-4 & itr-3

Rishi (Others) (353 Points)

13 May 2019

HLO, CAN SOMEBODY SUGGEST ME,

THE DIFFERENCE BETWEEN ITR-4 AND ITR-3 WHILE OPT PRESUMPTIVE BUSINESS UNDER 44AD, 44ADA AND 44AE?

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Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (194825 Points)
Replied 13 May 2019

AS SUCH BOTH ITRs CAN BE USED, BUT ITR3 IS SUITABLE WHEN CAPITAL GAINS IS ALSO REQUIRED TO BE DECLARED ALONG WITH PGBP INCOME.

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Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (194825 Points)
Replied 13 May 2019

IF no capital gains, and other conditions as per ITR4 are satisfied, Go for ITR4 as its simpler.

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RAJA P M ("Do the Right Thing...!!!") (128106 Points)
Replied 13 May 2019

Yes...
I agreed to Mr Dhirajlal Rambhia Sir view...

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