Difference between ITR 3 and ITR 4 – Semantic Taxgen Pvt Ltd
Antalya ambar

BLOG

Difference Between ITR-3 and ITR-4

Difference between ITR 3 and ITR 4

June 08, 2019

Difference Between ITR 3 and ITR 4

ANYALSIS OF ALL SOURCES OF INCOME WITH SOME LIMITATIONS SPECIALLY COVERING BUSNIESSES WHO HAS NOT FILED ITR 1 AND ITR 2 :-

INDIVUAL/ HUF AND FIRM INCOME :-

ITR 4- simple return for Business. (Sahaj)

For Individuals, HUFs and Firms (other than LLP) being a Resident having Total Income upto Rs.50 lakhs and having income from Business and Profession which is computed under sections 44AD, 44ADA or 44AE

Note :-ITR 4 Can not be filed by the following person:-

  1. This return cannot be filed for an Individual who is either Director in a company or has invested in Unlisted Equity Shares.
  2. Maximum loss for the house property that can not set off is Rs. 200,000/- or More than one property Income.
  3. No Loss for the capital gain will be allowed.
  4. No loss of other sources allowed.
  5. Person earning commission income or Brokerage
  6. A person carrying on any agency business such as insurance agents, as whatever income they earn is via commission.
  7. Business turnover exceeded 2 crore.
  8. Income by business through LLP and other AOP/BOI.
  9. 44ADA Cannot be filed by the Professionals other than 44 AA.

ITR 3 –Biggest Return for Indivual and HUF

For individuals and HUFs having income from profits and gains of business or profession.

Comments are closed.

Kamagra Levitra Novagra Geciktirici halkali escort Yalova escort
Translate »