Which ITR should we fill for stock market investment and presumptive income under 44AD ?
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Quick Summary
Deciding which Income Tax Return (ITR) form to file for stock market investments can be tricky, especially when considering presumptive income under Section 44AD. If your stock transactions are frequent and considered business income, ITR3 might be appropriate. For capital gains without business income, ITR2 is typically used. If you're opting for presumptive taxation, Form ITR4 (Sugam) could be the one. This discussion aims to clarify these options and guide you to the correct form.