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Which ITR need to fill, if I have two rental flat properties & Library business

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Ankit

21 Points Posted on 09 July 2023

which ITR need to fill, if I have two rental flat properties (4L) & Library business (presumptive income of around 15L)
I am confused about ITR 2 & ITR 4 because ITR 2 allows for more than one house Property but not presumptive income 44AD whereas ITR 4 allows Presumptive income but only allow one house rental property,

Please advice.

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Quick Summary

This discussion seeks guidance on the correct Income Tax Return (ITR) form for individuals with two rental properties and a library business. The user is unsure whether to use ITR 2, which accommodates multiple rental properties but not presumptive income under 44AD, or ITR 4, which allows for presumptive income but limits rental property claims to one. They are seeking clarification on how to accurately declare both income sources.