Chartered Accountant · ICAI M.No. 153926 · FRN 136869W
ITR-4 vs ITR-3
The two forms for professionals are ITR-4 and ITR-3. Use ITR-4 if you declare income presumptively under 44ADA and your other income is simple (salary, one house property). Use ITR-3 if you declare actual professional income with books, or you have income ITR-4 can’t handle.
What pushes you to ITR-3
You must use ITR-3 if you have capital gains, more than one house property, foreign income or assets, are a company director or hold unlisted shares, or simply maintain books and compute actual income. So a professional’s form depends on their full income picture, not just the practice. Check the current ITR eligibility before filing.
A worked example
Example: a doctor on 44ADA with only practice income files ITR-4. A doctor who maintains books to claim equipment depreciation, or who sold property, files ITR-3. Filing on the wrong form leads to a defective-return notice, so the choice matters. Our team can select and file the correct return.