Tds deducted from which i get amount 50000 as variable

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

11 July 2012 I get 50000rs as variable from my company and tds deducted 5000rs so how it is correct and can i claim for refund through return file.

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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11 July 2012 TDS has been deducted at 10%.

If TDS has been deducted u/s 194J, you will have to file ITR 4 and claim refund of the same.

You can also claim expenses incurred to earn this income.

Querist : Anonymous

Querist : Anonymous (Querist)

11 July 2012 Sir,in which column i have to right this details in itr4 & how means first i have to indicate 50000 as variable and its tds?

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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11 July 2012 Rs. 50000 shall be your income. Reduce expenses incurred to earn this income.

TDS shall be shown under tax paid.

Querist : Anonymous

Querist : Anonymous (Querist)

11 July 2012 I have to add my regular income in it or i have to file about only 50000 rs

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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11 July 2012 It seems you have income from more than one source.

Please provide details of sources of income.

Querist : Anonymous

Querist : Anonymous (Querist)

11 July 2012 Thank u veru much

Querist : Anonymous

Querist : Anonymous (Querist)

14 July 2012 I show my gross salary +this insentive which i received=my total income then declare my tds paid on insentive so what will be new tax rate how to show and how to calculate ?

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