Income tax return

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rishabh bhatia (Querist)

22 December 2017 My source of income is from my business and from house property income, Can i file return under section 44AD , as i have house in which two floor which is let out by me to two different tenant.

when i trying to file ITR 4 for AY 2017-18 it is shown that you can not file ITR 4 if you have more than two house which is let out.

Now my query is whether in this case as i have only one house property in which 2 floor is let out by me whether i can file ITR 4 or I need to file ITR 3.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)

22 December 2017 If each floor has separate door number and separate tenants, better choose
form ITR-3.

rishabh bhatia

rishabh bhatia (Querist)

22 December 2017 Sir if i Choose ITR 3 than i have to file full balance sheet detail and my profit is more than 8%

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)

22 December 2017 No. In form ITR-3, under audit information ,tick NO for clause (a) and (b), then fill
44AD profit in Schedule BP clause (4) and so on.

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