194j (professional services income)
This query is : Resolved
Querist : Anonymous
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
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
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.
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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