ITR 4 form is for income from a presumptive business, but it does not contain any column for capital gain/loss on sale of investment/property. So if one has income from salary and business and capital gain/loss, then he has to file ITR 3 but then he will not be able to avail the benefit of presumptive income. What can we do?
Income under presumptive assessment can be filed under ITR 3.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
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Naveen Fintech Pvt Ltd
Kolkata
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