08 November 2013 Thank u for ur reply and i got another doubt i.e. one of our client is a housewife having a buliding with 9 shops and house inside the shops and a half of function hall on first floor. which itr i has to file as which income should i treat it as and she does not any other business.

CA Pallav Singhania

CA Pallav Singhania (Expert)

08 November 2013 You should file ITR4

Message likes : 1 times

S.V.Bhargav

S.V.Bhargav (Querist)

08 November 2013 as houseproperty income or business income

S.V.Bhargav

S.V.Bhargav (Querist)

08 November 2013 By Mistakely i have treated this incomes as House Property Incomes and I have Filed Itr 2 . When i file Itr 4 is there an Problem I will get from Income tax Department

Aashok Kumar Sharma

Aashok Kumar Sharma

(Expert)

03 August 2025 Filing ITR-4 instead of ITR-2 when treating income from multiple commercial properties as business income is generally acceptable if the income is rightly classified as business income (e.g., rental income from shops/commercial spaces can be considered business income in some cases).

Key points:

If the income is purely rental income from properties, it is usually income from house property and ITR-2 is appropriate.

If the rental income is from multiple commercial properties and the taxpayer is treating it as business income (e.g., managing the properties as a business), then ITR-4 can be used.

Filing ITR-4 after filing ITR-2 by mistake is usually resolved by filing a revised return.

It’s important to classify income correctly. If income is wrongly classified, Income Tax department may seek clarification but generally allows revision.

So:

If the client treats rental income as business income, file ITR-4.

Otherwise, for just rental income, ITR-2 is appropriate.

You can file a revised return to correct the form used.

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