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194j (professional services income)

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 July 2014 I have income from 194J (PROFESSIONAL SERVICES INCOME) and amount is 1.4 lacs (10% TDS Deducted)

One of my friend suggested to file ITR-4 as this is income from "Profession" and i agree with him as this is professional services provided to the company.

Need advice on which sheet on ITR-4, should i show this income.

1) SHEET # PROFIT LOSS - SECTION 53 (REGULAR BOOK OF ACCOUNTS FOR BUSINESS OR PROFESSION NOT MAINTAINED)
2) SHEET # OS (INCOME FROM OTHER SOURCES) - SECTION 1D

Kindly suggest.

PLEASE SUGGEST THE SPECIFIC SHEET AND SECTION TO DISCLOSE THIS INCOME IN ITR - 4

YOUR RESPONSE WILL BE HELPFUL
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Kalam

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Kalam (Expert)
30 July 2014 File ITR - 4.

You need to go to the end of the ITR 4 in "NO Account Case" and give required detials (Point 53) only.

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