TaxTMI 
TaxTMI 
A taxpayer has income from salary, business, and capital gains, and wants to opt for presumptive taxation for the business income. Can they file using ITR-3?
ITR 3 & Presumptive taxation
04 Jun 2025 
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Presumptive taxation requires filing ITR-4; ITR-3 cannot be used when business income is declared on a presumptive basis.
A taxpayer with salary, business and capital gains opting to compute business income under presumptive taxation must file Form ITR-4; ITR-3 applies only where business or professional income is computed under normal provisions with books of account maintained and cannot be used for presumptive basis reporting. (AI Summary)
A taxpayer with salary, business and capital gains opting to compute business income under presumptive taxation must file Form ITR-4; ITR-3 applies only where business or professional income is computed under normal provisions with books of account maintained and cannot be used for presumptive basis reporting. (AI Summary)