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Which form i should itr 4 or itr 4s???

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Querist : Anonymous

Querist : Anonymous (Querist)

30 July 2015 My farther received Rs 1250000/- by selling has agriculture land and also received Rs 345000/- by other commission income..

Which form required to file by my farther???
Rs 1250000/- is taxable or not???

Nikhil Kaushik

Nikhil Kaushik (Expert)
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30 July 2015 ITR-4 only............income from sale of land should not be taxable provided the land is excluded out of definition of agriculture land (refer section 2(14)

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Querist : Anonymous

Querist : Anonymous (Querist)

30 July 2015 I required to show agriculture income in ITR 4??

Nikhil Kaushik

Nikhil Kaushik (Expert)
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30 July 2015 yes. if it is exempt, then in "EI" sheet

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