Exemption in professional income & itr form

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

28 February 2014 Dear experts,
My father is a senior citizen and doing a service of machine & tools designing as profession with income of 20000 p.m. fix on contract base. The TDS also deducted 2000 p.m.
The other source of income is interest on FD & Saving account balance which may be 30000 in year approx.

Kindly know me that can he get benefit of all the exemptions which mention for salary income, please explain which exemption he can get to reduce tax and get refund TDS or provide any material or link regarding this.

Please also know me that which ITR should he filled for this?

Thanks in advance.
Regards
Ashish

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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28 February 2014 if tds is deducted u/s 194J then he is deemed to be providing professional services then it will be income from profession.

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Querist : Anonymous

Querist : Anonymous (Querist)

28 February 2014 Thanks and you are right, TDS deducted u/s 194J but question is which exemption can I take from IT and which ITR should filed, ITR1 or ITR4 ?

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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28 February 2014 all the exp incured to earn such income u can claim as exp in itr.

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Querist : Anonymous

Querist : Anonymous (Querist)

28 February 2014 Which ITR should i filed?
can i take benefit of sanction 80C?

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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28 February 2014 file ITR4 and yes sec80C available.

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Querist : Anonymous

Querist : Anonymous (Querist)

01 March 2014 Thanks to reply, would you please provide any link or file to know about return filing and exempt expenses and their limits etc?

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