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Return for Individual opting for presumptive taxation and also having capital gains

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student
77 Points Posted on 26 August 2019
Hi,

I have query regarding an individual who has opted for presumptive taxation and also has capital gains during FY 2018-19. Which return can be filed in such a case?
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On 26 August 2019 at 19:06 Report
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CA CS DipIFR (ACCA-UK)
62 Points Posted on 26 August 2019

ITR 4

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On 26 August 2019 at 19:17
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student
77 Points Posted on 26 August 2019
There are instructions published by CBDT stating that ITR 4 cannot be filed by a person having income from Capital Gains.
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On 26 August 2019 at 19:30
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CA CS DipIFR (ACCA-UK)
62 Points Posted on 26 August 2019

Sorry Sakina, in your case ITR 3 is applicable.

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On 26 August 2019 at 19:41
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student
77 Points Posted on 26 August 2019
Okay Aditya. Thanks a lot :)
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On 26 August 2019 at 19:46
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17264 Points Posted on 26 August 2019
You need to file ITR 3.
44AD / 44ADA are there in ITR 3 also.
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On 26 August 2019 at 19:48
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student
77 Points Posted on 26 August 2019
Yes got it 👍
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On 26 August 2019 at 19:50


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