Presumptive income and capital gain from share and mutual fund

[Shub123@]

Agr koi chota dukan daar hai aur presumptive income show krna chahta hai saath hi capital gain b hai share aur mutual fund se toh Kaun sa itr file kre

 

[ShavirB]

You can file returns in ITR -4 form (Sugam) if you're claiming presumptive taxation under section 44AD, 44ADA, or 44AE

 

[Prince]

Hie
ITR -4 is for Presumptive Income, whereas you can not file ITR 4 if you are in below criteria.

• An individual having income from salary, house property or other sources above Rs 50 lakh cannot use this form.
• An individual who is either a director in a company or has invested in unlisted equity shares cannot use this form.
• An individual, HUF or partnership firm who is required to maintain the books of accounts under the Income-tax Act, 1961.
• Resident but not ordinarily residents (RNOR) and Non-residents
• Individuals who have earned income through the following means:
• More than one house property
• Lottery, racehorses, legal gambling, etc.
• Taxable capital gains (short-term and long-term)
• Agricultural income exceeding Rs 5,000
• A resident that has assets (including financial interest in any entity) outside India or is a signing authority in any account located outside India
• Individuals claiming relief of foreign tax paid or double taxation relief under section 90/90A/91
• Gains from Virtual Digital Assets (Crypto currency)
• Individuals for whom the TDS has been deducted under Section 194N

Hence for Presumptive Income and Capital Gain you should be filling ITR 3.

Always file the ITR with the help of C.A., to avoid any filling errors and Chances of reducing Income Tax Notice.