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Which ITR form to be used

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student
119 Points Posted on 07 September 2019
I am self emplyed with Gross income of 3.5 lacs which form ITR-3 and ITR-4 SUGUM?
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On 07 September 2019 at 17:08 Report
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3924 Points Posted on 07 September 2019
what is your Business ?.
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On 07 September 2019 at 17:15
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17264 Points Posted on 07 September 2019
please specify - it is business income or professional income
You can file ITR 4 either under 44AD or under 44ADA -- subject to conditions

if you are holding unlisted shares or you are a director in any company then ITR 3 is compulsory.
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On 07 September 2019 at 23:12
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Profession Business
28207 Points Posted on 08 September 2019
pravin it's not presumptive business.
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On 08 September 2019 at 11:12
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17264 Points Posted on 08 September 2019
@ sabyasachi

Pl re-read the query and my reply

The querist is self employed. And accordingly replied.

Further he is referring and asking for ITR3 or ITR 4 Sugam.
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On 08 September 2019 at 19:53
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Profession Business
28207 Points Posted on 08 September 2019
@ pravin
According to my opinion .
Its better to go for ITR 3.
I hv mentioned earlir that ITR 4 poses may pose many complications in future.
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On 08 September 2019 at 20:25
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17264 Points Posted on 08 September 2019
@ sabyasachi
please mark your views to querist.
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On 08 September 2019 at 23:23
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30 Points Posted on 21 March 2020
Sir, I am a self employed with income of 2 lakh & having significant amount of bank transactions. Which ITR to be used?
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On 21 March 2020 at 12:35


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