ITR 4 for trading shares and mutual fund

This discussion clarifies the use of ITR 4 for individuals engaged in trading shares and mutual funds, particularly concerning presumptive taxation under Section 44AD. It confirms that ITR 4 can be used even with turnovers below the prescribed limits. However, presumptive taxation is only applicable to intraday and futures & options trading in shares, not for mutual fund investments or delivery-based share trading.