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Who can file ITR 4?

Asked 2018-08-22 13:03:24 by Anonymous

Answered by NewsBytes

Individuals and Hindu Undivided Families, who are earning their income by conducting a business or profession under a presumptive income scheme can file ITR-4. You have to file ITR-3 if the turnover of your business exceeds Rs. 2 crore. You can file ITR-4 online as well as offline.

I have an income from my salary as well as capital gains. Which ITR form do I need to select: ITR-1 or ITR 2?

Asked 2018-08-22 13:02:08 by Anonymous

Answered by NewsBytes

ITR 2 is applicable in your case. It is meant for individuals, who earn their incomes from any source except business or profession. Anyone having income from capital gains can also use ITR2. This form is only available offline for filing purposes.

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