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Which itr to use?

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Guest (Querist)
09 March 2012 Dear Experts,

If a person has income only from commission from Real estate Business transactions, which ITR is to be filed?
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
09 March 2012 The commission is treated as business income and accordingly ITR 4 is required to be filed.

You can also opt for presumptive taxation u/s 44Ad and file ITR 4S.
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Guest (Expert)
10 March 2012 ITR 4 is to be used in the above case.
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