a person having LTCG and business income and he is not maintaining books of accounts and showing PGBP income on the basis of presumptive basis in the previous years but in CY he has LTCG then which ITR as to file
In this case only ITR 3 is possible but he is not maintaining BOA then where to mention PGBP income.
since 44aa is required to opt or not
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Which ITR to be filed
Replies (6)
better u show it under other sources of income
do you have only ltcg income in current year or both pgbp or ltcg ?
You can't opt ITR 4 because you have capital gain
This form can be used by individuals who have;
- Presumptive income from Business or Profession.
- No Capital Gains
- Agricultural Income which is less than Rs 5k
- No asset in foreign country or no income from a source outside India
- Income from one house property
- Income from other sources
It is difficult to show in any other source of income. As in every sources of income, a person has to maintain account and updates.
i have both PGBP and LTCG incomes in current year
same type of itr i m filling currently & also filed in last year itr 3 . In p&l head you will find para 53 where u you can fill details in case of no accounts maintained
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