Income tax return
This query is : Resolved
13 October 2014
I have a friend who's source of income is salary but last year along with salary he earned other income on which TDS u/s 194C was deducted at 1%, can he claim expense like SALARY paid to employee in CASH on that other income, if yes how should i show it in ITR1 Form? Please Help
Nikhil Kaushik
(Expert)
13 October 2014
you need to file ITR-4......
13 October 2014
any other solution, as he wont be receiving other income henceforth? if he file ITR 4 this year can he file his return using ITR 1 next year?
CA R SEETHARAMAN
(Expert)
13 October 2014
Yes ITR 1 can be filed next year.
Nikhil Kaushik
(Expert)
13 October 2014
if the amount is minimal, then you may file ITR2. However, i strongly insist on filing ITR4.
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