Urgent Help -Presumptive Income U/s 44AD

Atul M (aaa)     14 August 2019

Atul M
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Dear Expert ,
One of person having an income from Laundry Business and rental income from 1 house property and other is self occupied .

My Question is that is he eligible to file ITR-3 for the f.y 2018-19 under 44AD?

Thanks in Advance .


Prasanth Surya   14 August 2019

Prasanth Surya

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No. Persons opting presumptive scheme can only file ITR-4 for the FY 2018-19. He cannot file form ITR-3

praveen (intermediate)     14 August 2019

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nop u can't because 44ad is available only for itr 4


Rupam Dutta   14 August 2019

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Yes , he can .
On P/L account tab in ITR3 ,there is available 44AD under no accounts maintenance section. u can fill that section.
Although, I suggest u to file ITR4.

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sundhar jkn   15 August 2019

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Ya. U r eligible to file ITR 3 as well as ITR 4. If u choose ITR 3, u should fill row 61 in P&L only. Should not fill whole p&l

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Kapadia Pravin   15 August 2019

Kapadia Pravin

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When ITR 3 and ITR 4 both are possible, you should compulsory file ITR 4 only.

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