Filing of IT Return
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 May 2011
I am a qualified CA and joined a CA firms who pay me as a consultancy charges after deducting 10% TDS. My query is till last year i was receiving stipend hence stipend is exempted i filed in ITR-1 as NIL return. Now this year which ITR is applicable to me. Pls advice under which head of income i have to show this. Can i show this as other income?
23 May 2011
1) stipend is not exempted income in all cases.
2) in ITR every column can not be nil, as bank interest and daily upkeep drawings are in income atleast.
3) consultancy is PGBP, so ITR4 is required.
2) in ITR every column can not be nil, as bank interest and daily upkeep drawings are in income atleast.
3) consultancy is PGBP, so ITR4 is required.
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