Which ITR to file for my complex case?

ITR 249 views 6 replies

Hello, I am a salaried person, the annual salary of 3 lac rupees and I sold my land and I have invested entire net sale consideration for exemption under 54f and 54ec, for this I will file ITR2 but today I saw my AIS statement in that there is the entry of business income of 14k (which is amazon affiliate marketing commission) so do I need to file ITR2 or ITR 4 now as I saw income from the business receipt as mentioned in AIS statement ??(It is not my business but like a side income ) 

The main problem is if i file ITR2 now then as per definition one can not file ITR2 for the reason ->

  • Any individual or HUF having income from Business or Profession

and if I file ITR4 then I didn;t see any exemption under section 54f and 54ec in that itr 4 sugam form. 

I am stucked here 

what should i do now ? wont i get exemption just for i had so called business income from amazon affiliate ?? please help me..

Replies (6)
ITR 3

But presumptive taxation benefit is not allowed under ITR 3 am I right ?

Even though presumptive assessment can be filed under ITR 3, but you can file ITR 2, with the declaration of said side income under IFOS.

But affiliate marketing is considered as a business , is it allowed to club it in income from other sources?

Yes, being not main source of income, it can be declared under sub tab .... Others.

Show business income in non books of account maintained


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