Dear Experts,
One of our clients ,who is under Audit ,has 1,27000 profit from business but 27 lac as long term capital gain,thus his total income exceeds 25 lac. My question is he liable to file schedule AL with ITR-4. Please guide.
renu dutt (c a) (231 Points)
17 September 2015Dear Experts,
One of our clients ,who is under Audit ,has 1,27000 profit from business but 27 lac as long term capital gain,thus his total income exceeds 25 lac. My question is he liable to file schedule AL with ITR-4. Please guide.
Miss Rinkal
(Student)
(1304 Points)
Replied 18 September 2015
Yes it is required to fill AL schedule if the LTCG is not exempt u/s 10(38)
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