Itr4 or itr4s?

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

30 August 2015 I'm running an online business(websites) and I'm getting income from US/UK online marketing companies. I'm getting payments through PayPal as well as direct remittance to my SB account. My income comes under presumptive business(44AD).

Now I have a doubt, whether my income should be considered as foreign income? As per AY2015-16 ITR4S eligibility terms, (Sugam) cannot be filed by individual who has earned any income from source outside India.

This article written by a CA says the income from Google Adsense is not foreign income: http://www.moneycontrol.com/news/tax/understanding-foreign-incomea-resident-tax-payer_2571021.html

So, I got confused. ITR4 or ITR4s?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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31 August 2015 This is not a income from source out side India.

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Querist : Anonymous

Querist : Anonymous (Querist)

31 August 2015 Thank you very much for the support sir. I was totally confused by this. In that case (if all other conditions are met) I can file the ITR4S, right?

It will be highly appreciative if you could give some reference to the rules which defines "Any resident having income from any source outside India"? This is a clause given in the ITR4S instructions document here (3i of general instructions): http://www.incometaxindia.gov.in/Supporting%20Files/2015/InstructionITR4S_2015_ENG.pdf

It will be helpful for others also. Please reply when you get time, as you may be busy now.

Thank you very much,
Prasanth