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Itr form 4s one house proprty means ?

ITR Filing 806 views 5 replies

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 

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
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 

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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