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)
Follow

31 August 2015 This is not a income from source out side India.

Message likes : 1 times

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

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

zafar chandwale

Partha Pratim Sen

Akash Sawant

John Ravindran Moses

Shashank S Gore

Subscribe Now

Itr4 or itr4s?

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Accountant

GST CONSULTANT

CA Final

Article Assistant

Manager- Finance and Compliance

GST CONSULTANCY