Choice of ITR Form

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TAXPAYER
45 Points Posted on 22 August 2025

if gross income from business and profession is above 50 lacs but taxable income is below 50 lacs ,which form should one fill ITR 3 or ITR 4.

Thanks in advance

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On 22 August 2025 at 18:48 Report
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Quick Summary
This discussion clarifies which Income Tax Return (ITR) form to use when your gross income from business or profession exceeds 50 lakh rupees, but your taxable income falls below this threshold. The consensus is that ITR 3 is the appropriate form in this scenario. This distinction is important for accurate tax filing.

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SEO Sai Gr. Hosp.
121421 Points Posted on 22 August 2025

ITR 3 ..                       

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On 22 August 2025 at 21:52
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TAXPAYER
45 Points Posted on 22 August 2025

Thank you very much 

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On 22 August 2025 at 21:54
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SEO Sai Gr. Hosp.
121421 Points Posted on 22 August 2025

You are welcome.                     

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On 22 August 2025 at 21:56

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