Change from employee to consultant
This query is : Resolved
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23 July 2022
I am a Chartered Accountant and retired from Service in FY 2020-21.
In FY 2021-22 I have received Consultation Fee for which TD has been deducted u/s 194JB.
Can I file my return in ITR1 or ITR2 or I have to file in ITR3?
A prompt response will help me file my return in time.
Regards,
Padam Shree Gupta
9903479357
In FY 2021-22 I have received Consultation Fee for which TD has been deducted u/s 194JB.
Can I file my return in ITR1 or ITR2 or I have to file in ITR3?
A prompt response will help me file my return in time.
Regards,
Padam Shree Gupta
9903479357
23 July 2022
You can file ITR 3 or ITR 4.
23 July 2022
Thank you so much for your prompt response. Regards.
23 July 2022
You are welcome............
24 July 2022
Please guide at which S.N. and sub-S.N. the Consultancy fee received and the expenses incurred, should be shown in ITR3.
Shall be grateful for guidance.
Regards
Shall be grateful for guidance.
Regards
24 July 2022
How much consultant fees received.
24 July 2022
Rs. 3,60,000.
Apart from above, other income consists of Interest, Pension from FPF and very nominal rent.
Regards
Apart from above, other income consists of Interest, Pension from FPF and very nominal rent.
Regards
24 July 2022
In such a case file ITR 4 opt for 44ADA and declare income 50% of 3.60 lacs.
It's simple form.
It's simple form.
25 July 2022
Thank you so much. Regards
25 July 2022
You are welcome......
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