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Itr 3 for presumptive

ITR 761 views 3 replies

Please let me know how to file ITR3 for presumptive taxation of business/profession.

Cannot file ITR4(S) since there is income from more than 1 house property.

Please advise.

Replies (3)

AY 2017 - 18...

ITR 3 - For individuals and HUFs having income from a proprietary business or profession

ITR 4 - For presumptive income from Business & Profession

 

Mr. Kanakasabapathi,

What you want details.....?

Thank you Mr. Raja.

Need to file as individual with income from business/profession. This would indicate that one would need to file ITR4 to take presumptive benefits. However, ITR4 is restricted to income from 1 house property only, which is not my case.

There appears to be no form that allows you to take presumptive taxation and also declare income from more than 1 house property.

 

In My View...

If above situtaion you can file ITR 3. In case you heve no more accounts details then you can select,  "Are you liable to maintain accounts as per section 44AA?" - NO... AUDIT INFORMATION..... Then You can Pay Tax on your turn over Above 8%....


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