ITRform 4S can be used when (altogheter others )
(1) income is from one house property .What it means ?
if someone have a self occupied house & from another house got rent then is he entitle to file ITR4S or not
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Itr form 4s one house proprty means ?
Replies (5)
No , ITR 4S cannot be used. For more than 1 house property use ITR 4 or ITR 2 as the case maybe
If property is let out and other source of income only than file fill ITR 2
If the property is own and not carrying any business, you cannot use form 4S.
If your main business is renting of property
You may use ITR 4 or 4S.
ITR 4S is only when you deem your income u/s 44AD. here its only house property.It would fit with ITR 2 where no income from salary , business or capital gains are there. In case you have salary income, still it would require you to file form No: 2, when you have income from HP
| Originally posted by : rajkumar goyal | ||
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ITRform 4S can be used when (altogheter others ) (1) income is from one house property .What it means ? if someone have a self occupied house & from another house got rent then is he entitle to file ITR4S or not |
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No in this case you can not filr ITR4S. you have to file only ITR2 if you salaried employee. but if you have a business, then you have to file ITR4.
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