An individual offering cooking classes via Airbnb, with TDS deducted under Section 194-O, is seeking advice on the correct Income Tax Return (ITR) form. They want to know if they can file ITR 4 and claim the benefit of Section 44ADA for their e-commerce earnings under the old tax regime, given they also have income from salary, interest, and dividends. Alternatively, they are considering filing ITR 1 and reporting the full receipt amount.
20 June 2023
I am an individual registered with AIRBNB for giving cooking classes in person for which fee is remitted to me on line against tds deduction u/s 194 O @1%. Can i file ITR 4 for fees received claiming benefit of section 44ADA under old regime? I have income from salary, interest & dividend beside the e commerce as above. Or shall i file ITR 1 showing full receipt.?