Can I file ITR-3, IF I WANT TO SHOW MY BUSINESS INCOME UNDER 44AD , AND AGRICULTURE INCOME MORE THAN Rs. 5000.
Because in ITR - 4
agriculture income upto 5000 is allowed.
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Itr 3 vs Itr4
Replies (12)
Quick Summary
No if you're filing under presumptive taxation then 44AD should be filed under ITR 4 for 5 years you cannot change before
First is your source of income which is pertinent.
Then how much is taxable as per existing statute ?
If you hv not computed , compute it.
Then how much is taxable as per existing statute ?
If you hv not computed , compute it.
But from previous 3 years I am filling presumptive tax income 44AD with agriculture income in ITR 3
What type of income you hv?
Business income and agriculture income
Now the quantum is important.
4 lacs each
You can show your income 44ad in itr 3 as you have agriculture income more than Rs. 5000, there is no issue.
For more consultation m s g me
For more consultation m s g me
U can show Both in itr3.. It will not violate any of the rules
Please send me details at sabyasachimukherjee7098 @ gmail.com
Vishal ji
you are absolutely right.
you have to file ITR 3 and in that you can show business income u/s 44AD and your agriculture income. ITR 3 is the only right form in your case..
there is no violation of any law
you are absolutely right.
you have to file ITR 3 and in that you can show business income u/s 44AD and your agriculture income. ITR 3 is the only right form in your case..
there is no violation of any law
No business income under Sec 44AD falls in different category.
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