Tax Management India. Com
                            Law and Practice: A Digital eBook ...
TMI - Tax Management India. Com
Case Laws Acts / Rules Notifications Circulars Tariff/ ITC HSN Forms Manuals SMS News Articles Highlights
        Home        
 
Discussions Forum
Home Forum Income Tax This
A Public Forum.
Anyone can participate to share knowledge.
We acknowledge the contributions of Experts/ Authors.

Submit new Issue / Query

← Previous Next →

44ADA & ITR3, Income Tax

Issue Id: - 114026
Dated: 9-8-2018
By:- Vikram Mundan
44ADA & ITR3

  • Contents

A medical doctor (covered under 44AA(1) wishes to use 44ADA in ITR3.

ITR3 is required because there is short term & long term capital gain from mutual fund.

I am told that 44ADA overrides provisions only section 28 to section 43C & does not override 44AA (3) & rule 6F although 44AA(1) is mentioned in 44ADA.

Due to this reason I'm told, 44AA(3) & rule 6F are applicable in ITR3 & so 44AA has to be followed in ITR3 & 44ADA cannot be used in ITR3.

Question is, if a doctor can use 44ADA in ITR4, then why can he not use 44ADA in ITR3?

Post Reply

Posts / Replies

Showing Replies 1 to 1 of 1 Records

1 Dated: 11-9-2018
By:- Nandan Khambete

ITR form framed by CBDT cannot decide benefits under Income Tax Act. You can claim 44ADA in ITR 3.


1

Post Reply

← Previous Next →
Discussion Forum
what is new what is new
 


|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.