ITR 4 or ITR 3 which one to fill

ITR 346 views 5 replies

Hello, 

I have a doubt so i would be thankful if some one give me an answer about my doubt.

Thanks in advance.

My doubt -  I fill ITR 4 as professional income, but this year i started investing in long term bonds (SGB, SDL, CGS) and NSE listed stocks.

I received coupons from bonds and some dividends from stock. 
I did not sell any stocks, only bought them. Same goes with bonds for the financial year 2023-24.

So my query is which ITR i need to fill - ITR 4 or ITR 3. 

 

Thanks again, for the help.

Regards,

 

Replies (5)
You can file ITR 4 if you wish to report your income on Presumptive basis under section 44ADA if your gross receipts as within in the limit of said section & under ITR 4 you can also report your Other source income containing dividend & other interest incomes

You can file ITR 4 for your professional income under Sec. 44ADA; unless you have sold any of the investment as stated above in FY 2023-24.

@ honourable dhirajlal sir , in GST if we receive a showcase notice means what is the first step to do whether we have to physically to inform to the department or whether we have to go to the GST portal we have to reply how to reply what is the format what is the procedure could you please explain me
  • Notice received on the common portal – reply to be submitted on the common portal
  • However, portal has its own limits in terms of number of attachments & size of documents
  • Physical copy of the reply must be submitted to the officer
  • In case officer refuses to acknowledge the same, reply must be sent through speed post
  • Section 75(4) mandates opportunity of hearing, where request is received in writing or an adverse decision is to be made against the taxpayer
  • More than three adjournments cannot be granted to the person for hearing
  • Additional submissions can be made during the hearing
  • Personal hearing is to be mandatorily afforded.

Refer::  https://tax guru.in/goods-and-service-tax/write-reply-show-notice-gst.htm l

You can file ITR-4 for professional services


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