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Want regular business itr3 to presumptive business itr 4

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i want to improve my taxation.
136 Points Posted on 08 January 2021
can i change itr form ITR 3 to ITR 4
past 3 year, i filed ITR 3, but now i want to take sec. 44 AD.
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On 08 January 2021 at 10:55 Report
Replies (7)
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Chartered Accountant
24588 Points Posted on 08 January 2021
Yes you can file itr 4 by changing it from itr 3 by opting 44ad
129 Reply
On 08 January 2021 at 11:00
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i want to improve my taxation.
136 Points Posted on 08 January 2021
I heard, there is limitation of 5 year
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On 08 January 2021 at 11:01
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Chartered Accountant
24588 Points Posted on 08 January 2021
Yes if you opt for 44ad then you have to maintain presumptive taxation for 5 years
129 Reply
On 08 January 2021 at 11:02
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17264 Points Posted on 08 January 2021
You can opt for 44AD but once you opt you can not go back to regular itr 3. However it is possible to go back to itr3 bit then you won't be able to opt for 44AD for next 5 years.
101 Reply
On 08 January 2021 at 11:21
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i want to improve my taxation.
136 Points Posted on 08 January 2021
In a.y. 2016-17 i started with 44 ad,
after that i am filing regular ITR 3, now i want to opt 44 ad
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On 08 January 2021 at 11:29
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17264 Points Posted on 08 January 2021
2017-2018 you switched to 44AD. You can switch to 44AD now but for next 5 yrs you will not be able to go for 44AD
101 Reply
On 08 January 2021 at 12:08
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Accountant
4533 Points Posted on 08 January 2021
Yes you can take
19 Reply
On 08 January 2021 at 23:42


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