Dear sir,
i have presumptive profit u/s 44AD but during the 2016-17 i sold one open plot and gained. Which ITR form i should fill ?
ITR3 for AY 2017-18, under no books of account maintained.......
Raju Miskin (article Asst.) (125 Points)
02 October 2017
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(173957 Points)
Replied 02 October 2017
ITR3 for AY 2017-18, under no books of account maintained.......
CA Jubair J Jeri
(Practicing Chartered Accountant)
(147 Points)
Replied 02 October 2017
Itr 3 will be applicable.
RAJA P M
("Do the Right Thing...!!!")
(128075 Points)
Replied 02 October 2017
Yes... I agreed both Experts view...
ITR 3 is Applicable. Also Choose "No books of Accounts Maintained" Select the option : 44AA is No
Raju Miskin
(article Asst.)
(125 Points)
Replied 02 October 2017
Raju Miskin
(article Asst.)
(125 Points)
Replied 02 October 2017
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(173957 Points)
Replied 02 October 2017
 |
is there any limit to opt No books of accounts? |  |
For Section 44AD turnover limit for eligible business has been extended to 2 Crs.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(173957 Points)
Replied 02 October 2017
|
then i have to show business income in IT instead of presumptive profit. right? | |
You can declare your business income under presumptive scheme (under section 44AD), in ITR 3, under no books of accounts option ....... similar to as declared in ITR 4.
But because you have Capital gains over plot...... ITR 3 is to be filled, as the option of CG declaration is not available in ITR 4.
Raju Miskin
(article Asst.)
(125 Points)
Replied 02 October 2017
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(173957 Points)
Replied 02 October 2017
Yes............ in either utilities........
RAJA P M
("Do the Right Thing...!!!")
(128075 Points)
Replied 02 October 2017
| Originally posted by : Raju Miskin | ||
|
Yes sir :-) Thank u.. the same option has been available in ITR JAVA utilities? | |
Yes... Available.
Java utilitity is best of Excel Utility...
Raju Miskin
(article Asst.)
(125 Points)
Replied 03 October 2017
RAJA P M
("Do the Right Thing...!!!")
(128075 Points)
Replied 03 October 2017
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