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sec 44 AD and long term capital gain
whether assessee having long term capital can opt for presumptive taxation scheme , he can file itr 4 sugam for A.Y 2018-2019
Replies (5)
no , if you have capital gain you can not file itr 4.
you will have to file ITR 3 form.if any one having a capital gain then he can't take benifit of presumptive taxation mentioned u/s 44AD and 44AE.
that's not the precondition for 44AD and 44AE, that assessees with ltcg/stcg cannot opt presumptive
if a person is not having any capital gain or loss for that particular year, but he is investing in mutual fund then also he is barred from 44 Ad
attn Tina.. could you please quote the relevant provisions pls
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