Regarding ITR 3

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Accountant
647 Points Posted on 20 August 2021
Sir I am an Accountant and some ofmy parties having sources of income from retail and wholesale trading, and Agriculture Income.That due to the having agriculture income
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On 20 August 2021 at 07:51 Report
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This discussion addresses filing Income Tax Return (ITR) 3 for individuals with income from retail, wholesale trading, and agriculture. It confirms that ITR 3 can be used even with agricultural income, and explains the option of presumptive assessment under Section 44AD. The role of ITR-4 for presumptive schemes is also clarified.

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SEO Sai Gr. Hosp.
212453 Points Posted on 20 August 2021

Yes you can file ITR 3 with presumptive assessment as per sec. 44AD.

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On 20 August 2021 at 13:38
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CONSULTING
1322 Points Posted on 21 August 2021

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.

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On 21 August 2021 at 10:03

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