ITR FORM for Presumptive business income and Share trading income

This discussion clarifies which Income Tax Return (ITR) form to use when you have presumptive business income alongside short-term capital gains (STCG) and dividends from shares (where STT has been paid). The advice suggests using ITR 4 if your income is under 50 lakhs and you have no brought-forward or carried-forward losses. Otherwise, ITR 3 is recommended, though it can be more complex to file without software.