Itr-1 or itr-4


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Querist : Anonymous (Querist)
13 June 2018 I interned (as a student) for about 2 months in one company and about 2 more months in another company in India. I was paid stipend at both these companies. But, in one company, the stipend paid was reported as salary income (under 192) with 0 TDS whereas in other company, the stipend paid is shown as fee for professional & technical services (under 194J) with TDS @ 10%. I do not have any other income except for the meager S/B interest in my bank account which too is combined from the deposit that I was having from the money given by my parent's for expenses and from the deposit that I received from the said stipends. These incomes combined does not fall under taxable category. Now, if I want take the refund, which ITR (1 or 4) I need to file. If ITR-1, then can I combine both the stipend as report is as salary income or only income (under 192) will qualify as salary. Then where will the income (under 194J) will go in ITR-1. If ITR-4, then where will the income (under 194J) will go in ITR-4. Do I need to report S/B interest in 80TTA which is much less than 10000/-, but a part of it is not from my stiend income but from my parent's money. Can I afford not to file ITR at all if I am ready to sacrifice the TDS amount which is very less.

14 June 2018 You have to file ITR 3 to claim refund.
As your income is below taxable limit no need for you to file ITR.


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