Itr for presumptive taxation and foreign asset

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 26 August 2026
CA Article Assistant/CA Drop Out/Accounts Executive

PARV & Co.

New Delhi

CA Inter

View Details
Company
19 August 2026
PAID ARTCILE ASSISTANT

My Legal Tax Consultants Pvt. Ltd.

Noida

CA Inter

View Details
Company
18 August 2026
CA Semi Qualifies

Goyanka and Associates

New Delhi

CA Inter

View Details
Company
25 August 2026
Senior Accountant

MG Associates

New Delhi

CA Inter

View Details
Company
13 August 2026
Chartered Accountant (FP&A)

Client of Trellis Consulting

Gurgaon

CA

View Details
Company
17 August 2026
Chartered Accountant with US GAAP Experience

Austin Med Solutions Pvt Ltd

Bengaluru

CA

View Details
Company
ARTICLESHIP 17 August 2026
CA Article Trainee

ASC Group

Noida

CA Inter

View Details
Company
ARTICLESHIP 14 August 2026
Article Assistant

N J Suresh & Associates

Bengaluru

CA Inter

View Details