Query For Presumptive Taxation

Manik (CA) (830 Points)

26 July 2023  

Hi Team,

We have Income from following sources : - 

1. Professional Receipts under Section 194J.
2. Short Term Capital Gains under the Head Income from Capital Gains
3. Savings Account Income , Fixed Depsoit Income and Dividend Income under the head Income from Other Sources.

I wish to avail Sec 44ADA for Presumptive Taxation for Professional Receipts under Section 194J as in one above. But when i open ITR 4 there is no option to fill in Capital Gains made in Point Number 2 above.

Request you to please let me know how can I avail both Sec 44ADA Presumptive Taxation and Profit from Capital Gains and which ITR Form do I need to fill in above case.

With Regards,
Manik