Which itr to be filled for getting Home Loan

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Quick Summary
When applying for a home loan, the correct Income Tax Return (ITR) is crucial. For income earned through home tuition, which is considered business income, filing ITR 3 is generally advised. While ITR 4 might seem an option for certain presumptive income schemes, ITR 3 offers a more appropriate representation for this type of professional or business earnings when seeking a loan.

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(Querist)
17 July 2020 Dear Sir,

My client home loan purpose filed the ITR . he is earning in cash home tuition which ITR to be filled as per Income tax
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shivam jain

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shivam jain (Expert)
17 July 2020 ITR 4 can be filed in which showing income u/s 44AD/44ADA.
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denis

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denis (Querist)
17 July 2020 HOME TUTION IS PROFESSIONAL OR BUISNESS INCOME PLS ADVICE UNDER WHICH CODE
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
05 November 2021 Home tuition is business income.
For getting loan from bank, it is advisable to file ITR 3 in above case.
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