Get 3 Yrs of CCI Pro Membership at Greater Value. Subscribe Now!

ITR FORM for Presumptive business income and Share trading income

239 views

Save Share

YASHWANT GOYAL

student

31 Points Posted on 30 December 2020

Please guide, which ITR form to select for Presumptive business income and also STCG & Dividends from shares (STT paid).

Replies (2)

Quick Summary

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.

Smit Shah

280 Points Posted on 30 December 2020

If you not have income exceeding 50 lacs and also not have any losses to be carried forward or losses brought forward then file ITR 4 else ITR 3

Krishna Chaudhary

Accountant

1331 Points Posted on 31 December 2020

Select ITR form 3, but it is very difficult to file ITR through form 3, if you are filing it are without software.

contact me for filing your ITR.
jaykishanc @ gmail.com