Save Rs 499 on a 2-Year Ad-Free CAclubindia Pro Membership. Subscribe Now!

ITR form related queries

402 views

Save Share

pooja

taxpracticing

269 Points Posted on 07 August 2024

hello everyone,
l am having professional Income and share capital income and other source Income upto both 3.6 lakhs,
and
l filed ITR Form 3 with choosing no account case option (without full balance sheet but only four items). because in ITR form 4 ( for 44ADA ) there was no option for capital gain income.
so Is it correct to file form 3 with out balance sheet or I have to revise with full balance sheet. please reply me.. what option available to me... thank you

Replies (4)

Quick Summary

A user is seeking advice on whether filing ITR Form 3 without a full balance sheet is correct, given they have professional, share capital, and other income, and also capital gains. They chose ITR Form 3 because ITR Form 4 (for 44ADA) lacked a capital gains option. The response confirms that filing ITR Form 3 under Section 44ADA without a full balance sheet is correct in this scenario and revision is not necessary.