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Anonymous

Anonymous

Asked on 22 August, 2018

Who can file ITR 4?

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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.

Anonymous

Anonymous

Asked on 22 August, 2018

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?

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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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