Which ITR form to be used

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I am self emplyed with Gross income of 3.5 lacs which form ITR-3 and ITR-4 SUGUM?
Replies (7)
what is your Business ?.
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.
pravin it's not presumptive business.
@ 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.
@ 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.
@ sabyasachi
please mark your views to querist.
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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