ITR form for Presumptive Taxation 44ADA

Hi,

When I fill F&O trading income under business & doctor consultancy income as profession under 44ADA, quicko is showing to file ITR3… Is this correct ?

As I was thinking that ITR4 must be filed if 44ADA is involved…

Pls reply how to proceed ?

Hi @sudha_sakthivel

I was going through your query, as it was regarding, which ITR form you should choose.

As it depends on your earnings, so you can choose your form accordingly. It mostly file my clients ITR from income tax portal.

You can connect with me further to discuss, for this my whatsapp no is 9999616874.

Regards,
CA. Raman Sachdeva

Hey @sudha_sakthivel,

As you are also reporting your F&O business which will go as normal business, ITR-3 is being selected. But ITR-3 also has the option to report presumptive business and that is exactly where your doctor consultancy income will be mapped.