Itr for presumptive taxation and foreign asset

1331 views 3 replies

I'm having presumptive income and also needs to disclose foreign asset which is stocks in US. Which ITR works better. I choose ITR 3, it's not calculating tax on presumptive income what should be done.

Replies (3)
Quick Summary
This discussion addresses the correct Income Tax Return (ITR) form for individuals with presumptive income and foreign assets, specifically US stocks. The user initially faced issues with ITR 3 not calculating tax on presumptive income but later confirmed it works after resolving a website issue. The advice given was to ensure the correct option for presumptive taxation (like Section 44AD) is selected within ITR 3.

ITR 3 has option to declare income u/s. 44AD... i.e under presumptive taxation. Choose accordingly.

Yes it's working. I think website was the problem 

Good luck.                

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 30 June 2026
Article Assistant or Paid Assistant

VIKAS VERMA & CO

New Delhi

Others

View Details
Company
06 July 2026
Accountant

Agarwal Anoop and Associates

Noida

CA Final

View Details
Company
Featured 18 July 2026
CA Articleship

apricus india

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 30 June 2026
2 posts Article assistant and Articleship completed students

Chirag N Shah & Associates

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 10 July 2026
Article Assistant

N S Gokhale & Co

Thane

CA Inter

View Details
Company
ARTICLESHIP 08 July 2026
Article internship

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
ARTICLESHIP 16 July 2026
Article Assistant

Sahil Agarwal & Company

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 28 July 2026
Article/Intern/Semi-Qualified/Fresher B.Com

VNSS & Co

Mumbai

Others

View Details