Choice of ITR Form

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

Replies (3)
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.

ITR 3 ..                       

Thank you very much 

You are welcome.                     

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