I , AS A INDIVIDUAL , HAVE INCOME FROM OTHER SOURCES, PROFESSIONAL INCOME AND CAPITAL GAINS
ITR-3 IS NOT OF USE SINCE CAPITAL GAIN NOT INCLUDIBLE.
WHICH ITR TO CHOOSE, URGENT PL
ravi sankar (Chartered Accountant) (157 Points)
11 July 2018I , AS A INDIVIDUAL , HAVE INCOME FROM OTHER SOURCES, PROFESSIONAL INCOME AND CAPITAL GAINS
ITR-3 IS NOT OF USE SINCE CAPITAL GAIN NOT INCLUDIBLE.
WHICH ITR TO CHOOSE, URGENT PL
Anjali P Nair
(ACA,ACMA)
(582 Points)
Replied 11 July 2018
If u have business or professional income ITR 3 or ITR 4 can be used.
What is the reason for not using ITR 3? can u specify the situation?
RAJA P M
("Do the Right Thing...!!!")
(127171 Points)
Replied 11 July 2018
J S BHAVSAR
(CONSULTING)
(1288 Points)
Replied 12 July 2018
Why ITR3 will not include Capital Gains? It should!
ravi sankar
(Chartered Accountant)
(157 Points)
Replied 12 July 2018
I WAS LOOKING ONLY AT ITR-4 OR SIMMILAR ONE OF LAST YEAR. GOT ITR-3 XL, DOWNLODED, FILLED, XMLed, AND UPLOADED ALSO. THANKS
J S BHAVSAR
(CONSULTING)
(1288 Points)
Replied 12 July 2018
This year the numbering of ITRs has changed a little but. Previous ITR4 is now ITR3.
And, it will never stabilise in the history of India for next several years.
v/s
Look at USA, they have fixed names numbers for return forms and types of return forms to fill and choose, no change at all for years together. Couples file joint return, India still files separate returns.
Federal(Central) tax return is different, State tax return is different.
There are no Java and Excel utilities. Most returns can be filed from paid websites.
Most return forms are easy to understand and follow with plain english. Eg there is no word called "proviso" and stuff like that.
Income Tax Department, CBDT, CPC have a very long way to go.
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