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2 house self occupied

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ajay

CA Job

37 Points Posted on 07 May 2021

if any body have 2 house and business income than ITR 3 we will file and if any body have 1 house and business income than ITR 4 we will file
but if person have 2 house and both are self occupied and business income than which itr we will file

Thanks
Dr. Ajay Jajodia

Replies (5)

Quick Summary

This discussion clarifies which Income Tax Return (ITR) form to file when an individual owns two self-occupied houses and has business income. While ITR 4 is typically for one house and business income, having two self-occupied properties necessitates filing ITR 3. This is because ITR 3 covers income from business or profession, and is the correct form even if the individual is not a partner or director.

CA. Sourav Sarkar

Chartered Accountant

24588 Points Posted on 07 May 2021

Then also ITR 3 should be filed

sabyasachi mukherjee

Profession Business

28246 Points Posted on 07 May 2021

Itr 1
salary income and income from other sources individual assesse. Income less than 50 lakhs, 1 house property
income upto Rs. 50 lakhs
itr 2
sources exceeds Rs. 50 lakhs , more than 1 house property,
director of a company
foreign assets and unlisted shares
itr 3
income from business profession
partner in a partnership firm
individual director in a company.