Which ITR to be filed for Business Income & lottery winning

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Tax Consultant
297 Points Posted on 07 August 2020

Hi All,

One of my Client is having Business Income (Construction Business) and TDS has been Deducted from Lottery Winning. Which ITR Form will be applicable for him?

 

 

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On 07 August 2020 at 11:53 Report
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Quick Summary
This discussion clarifies which Income Tax Return (ITR) form is appropriate when an individual has both business income, specifically from a construction business, and has had Tax Deducted at Source (TDS) on lottery winnings. The consensus is that ITR 3 is the applicable form for such a scenario.

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Studwnt
1141 Points Posted on 07 August 2020
Itr 3
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On 07 August 2020 at 12:22
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Tax and Business Consultant
11616 Points Posted on 07 August 2020
Yes, ITR 3 is applicable in this case.
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On 07 August 2020 at 12:49

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