Dear all
I want to know that if income are to be from small business as well as sip/ mutual fund so which itr should be opt
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Opt for ITR
Replies (9)
Quick Summary
ITR-3 can be used
For small businessman with any income from investment in shares/MF, ITR 4 is easier to be filed.
ITR-3
ITR-4 can also be used if there is no capital gain from mutual fund
ITR-4 Form is the Income Tax Return form for the taxpayers who opt for a presumptive income scheme under Section 44AD, Section 44ADA and Section 44AE of the Income Tax Act. However, if the turnover of the business mentioned above exceeds Rs 2 crores, the taxpayer will have to file ITR-3
Sai Allu, how suddenly you got that much knowledge
Itr 4 the assesse has not described in detail. Let him speak out.
@ ck Singh,
Are you talking about SIP MF investment or income income from MF ?
Are you talking about SIP MF investment or income income from MF ?
Clearly mentioned income are from business as well as mutual fund.
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