Which itr to use?
This query is : Resolved
Guest
Guest
(Querist)
09 March 2012
Dear Experts,
If a person has income only from commission from Real estate Business transactions, which ITR is to be filed?
If a person has income only from commission from Real estate Business transactions, which ITR is to be filed?
09 March 2012
The commission is treated as business income and accordingly ITR 4 is required to be filed.
You can also opt for presumptive taxation u/s 44Ad and file ITR 4S.
You can also opt for presumptive taxation u/s 44Ad and file ITR 4S.
Guest
Guest
(Expert)
10 March 2012
ITR 4 is to be used in the above case.
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